Janney Montgomery Scott LLC acquired a new stake in shares of Convergence Long/Short Equity ETF (BATS:CLSE – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 198,453 shares of the company’s stock, valued at approximately $4,547,000.
Convergence Long/Short Equity ETF Stock Performance
Shares of BATS CLSE opened at $23.19 on Thursday. The firm has a market cap of $95.54 million, a price-to-earnings ratio of 16.00 and a beta of 0.67. The firm’s 50 day moving average is $23.43 and its 200-day moving average is $22.48.
Convergence Long/Short Equity ETF Announces Dividend
The business also recently disclosed a dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, December 16th were issued a dividend of $0.212 per share. The ex-dividend date of this dividend was Monday, December 16th.
Convergence Long/Short Equity ETF 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.
See Also
- Five stocks we like better than Convergence Long/Short Equity ETF
- 3 Dividend Kings To Consider
- How to Short Sell Stocks Like a Pro: Strategies and Tips
- What is the S&P 500 and How It is Distinct from Other Indexes
- 3 Steel Stocks Soaring After Tariff Announcements
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Top Analysts’ Picks for 2025: 3 of Morgan Stanley’s Favorites
Want to see what other hedge funds are holding CLSE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Convergence Long/Short Equity ETF (BATS:CLSE – Free Report).
Receive News & Ratings for Convergence Long/Short Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Convergence Long/Short Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.
