Convergence Long/Short Equity ETF (BATS:CLSE) Short Interest Down 55.6% in July

Convergence Long/Short Equity ETF (BATS:CLSE) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 76,861 shares, a decline of 55.6% from the June 30th total of 173,104 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily volume of 261,145 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Convergence Long/Short Equity ETF

Institutional investors have recently bought and sold shares of the business. Flagship Harbor Advisors LLC increased its holdings in shares of Convergence Long/Short Equity ETF by 4.5% in the 4th quarter. Flagship Harbor Advisors LLC now owns 705,459 shares of the company’s stock valued at $19,280,000 after acquiring an additional 30,205 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Convergence Long/Short Equity ETF by 24.6% during the first quarter. Janney Montgomery Scott LLC now owns 438,249 shares of the company’s stock worth $12,332,000 after purchasing an additional 86,464 shares during the last quarter. Elyxium Wealth LLC lifted its stake in Convergence Long/Short Equity ETF by 5.3% during the fourth quarter. Elyxium Wealth LLC now owns 109,947 shares of the company’s stock worth $3,005,000 after purchasing an additional 5,512 shares during the last quarter. Worth Asset Management LLC acquired a new position in Convergence Long/Short Equity ETF in the second quarter valued at approximately $1,260,000. Finally, Cornerstone Planning Group LLC acquired a new position in Convergence Long/Short Equity ETF in the first quarter valued at approximately $822,000.

Convergence Long/Short Equity ETF Trading Down 0.4%

Shares of CLSE stock opened at $33.58 on Wednesday. The company has a market cap of $269.31 million, a P/E ratio of 18.57 and a beta of 0.61. The firm has a fifty day moving average price of $33.84 and a 200 day moving average price of $30.82. Convergence Long/Short Equity ETF has a 12 month low of $23.62 and a 12 month high of $34.76.

Convergence Long/Short Equity ETF Company Profile

The Convergence Long\u002FShort Equity ETF (CLSE) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund establishes both long and short positions in US stocks. The actively managed fund intends to maintain a 50%-100% net long exposure. CLSE was launched on Dec 29, 2009 and is managed by Convergence.