Convergence Long/Short Equity ETF (BATS:CLSE) Stock Short Interest Drops 78.1%

Convergence Long/Short Equity ETF (BATS:CLSE) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 147,016 shares, a decrease of 78.1% from the September 15th total of 671,616 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average trading volume of 478,400 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Convergence Long/Short Equity ETF

A number of large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in Convergence Long/Short Equity ETF by 20,428.9% in the third quarter. Farther Finance Advisors LLC now owns 58,918 shares of the company’s stock worth $2,004,000 after acquiring an additional 58,631 shares during the period. Legacy Financial Advisors Inc. purchased a new position in shares of Convergence Long/Short Equity ETF during the 2nd quarter worth $1,112,000. Worth Asset Management LLC acquired a new stake in shares of Convergence Long/Short Equity ETF during the 2nd quarter worth about $1,260,000. Cornerstone Planning Group LLC purchased a new stake in Convergence Long/Short Equity ETF in the 1st quarter valued at about $822,000. Finally, Bank of New York Mellon Corp lifted its position in Convergence Long/Short Equity ETF by 32.2% in the first quarter. Bank of New York Mellon Corp now owns 11,520 shares of the company’s stock valued at $324,000 after buying an additional 2,804 shares during the last quarter.

Convergence Long/Short Equity ETF Price Performance

CLSE opened at $34.41 on Monday. The company has a 50-day moving average price of $33.90 and a 200 day moving average price of $32.97. Convergence Long/Short Equity ETF has a twelve month low of $25.29 and a twelve month high of $34.76. The company has a market cap of $275.97 million, a PE ratio of 18.57 and a beta of 0.61.

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.