Elyxium Wealth LLC Has $2.72 Million Stake in Convergence Long/Short Equity ETF $CLSE

Elyxium Wealth LLC increased its holdings in shares of Convergence Long/Short Equity ETF (BATS:CLSE) by 76.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,435 shares of the company’s stock after acquiring an additional 45,342 shares during the quarter. Elyxium Wealth LLC’s holdings in Convergence Long/Short Equity ETF were worth $2,719,000 as of its most recent SEC filing.

Separately, Fifth Third Securities Inc. lifted its holdings in Convergence Long/Short Equity ETF by 21.8% during the 3rd quarter. Fifth Third Securities Inc. now owns 84,645 shares of the company’s stock valued at $2,204,000 after purchasing an additional 15,150 shares during the last quarter.

Convergence Long/Short Equity ETF Price Performance

CLSE stock opened at $28.62 on Friday. Convergence Long/Short Equity ETF has a one year low of $19.59 and a one year high of $24.23. The stock has a market cap of $229.49 million, a price-to-earnings ratio of 18.57 and a beta of 0.61. The company has a fifty day moving average price of $27.63 and a two-hundred day moving average price of $26.27.

Convergence Long/Short Equity ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 15th were issued a dividend of $0.2602 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a dividend yield of 96.0%.

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.