Convergence Long/Short Equity ETF $CLSE Stock Sold by Vima LLC

Vima LLC lowered its stake in Convergence Long/Short Equity ETF (BATS:CLSE) by 81.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,200 shares of the company’s stock after selling 43,571 shares during the period. Vima LLC’s holdings in Convergence Long/Short Equity ETF were worth $347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CLSE. Legacy Financial Advisors Inc. purchased a new stake in Convergence Long/Short Equity ETF during the 2nd quarter valued at about $1,112,000. Cornerstone Planning Group LLC bought a new position in Convergence Long/Short Equity ETF during the 1st quarter worth approximately $822,000. Worth Asset Management LLC bought a new position in Convergence Long/Short Equity ETF during the 2nd quarter worth approximately $1,260,000. Janney Montgomery Scott LLC grew its position in Convergence Long/Short Equity ETF by 24.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 438,249 shares of the company’s stock worth $12,332,000 after acquiring an additional 86,464 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Convergence Long/Short Equity ETF by 20,428.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 58,918 shares of the company’s stock worth $2,004,000 after purchasing an additional 58,631 shares during the period.

Convergence Long/Short Equity ETF Price Performance

Shares of Convergence Long/Short Equity ETF stock opened at $33.37 on Friday. Convergence Long/Short Equity ETF has a one year low of $25.85 and a one year high of $34.76. The business’s 50 day simple moving average is $33.93 and its two-hundred day simple moving average is $33.33. The stock has a market capitalization of $267.63 million, a P/E ratio of 18.57 and a beta of 0.61.

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.