Convergence Long/Short Equity ETF $CLSE Shares Acquired by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC lifted its position in shares of Convergence Long/Short Equity ETF (BATS:CLSE) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 705,459 shares of the company’s stock after purchasing an additional 30,205 shares during the period. Convergence Long/Short Equity ETF comprises 0.9% of Flagship Harbor Advisors LLC’s portfolio, making the stock its 16th largest position. Flagship Harbor Advisors LLC owned 8.80% of Convergence Long/Short Equity ETF worth $19,280,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Elyxium Wealth LLC increased its position in shares of Convergence Long/Short Equity ETF by 76.7% during the third quarter. Elyxium Wealth LLC now owns 104,435 shares of the company’s stock worth $2,719,000 after acquiring an additional 45,342 shares during the last quarter. Fifth Third Securities Inc. lifted its stake in shares of Convergence Long/Short Equity ETF by 21.8% in the third quarter. Fifth Third Securities Inc. now owns 84,645 shares of the company’s stock worth $2,204,000 after acquiring an additional 15,150 shares in the last quarter. Finally, Advisors Preferred LLC acquired a new position in shares of Convergence Long/Short Equity ETF in the third quarter worth about $39,000.

Convergence Long/Short Equity ETF Stock Performance

BATS:CLSE opened at $28.82 on Tuesday. Convergence Long/Short Equity ETF has a one year low of $19.59 and a one year high of $28.89. The business’s 50-day simple moving average is $28.28 and its 200 day simple moving average is $27.35. The stock has a market cap of $231.14 million, a price-to-earnings 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.