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The Convergence Long/Short Equity ETF seeks to provide a greater return potential than traditional approaches while reducing risk. The fund endeavors to provide a more material and consistent alpha through its proprietary fundamental ranking process from both its long and short holdings over a market cycle. The objective of the Convergence Long/Short Equity ETF is to pursue long term capital growth while minimizing volatility.
Convergence Long/Short Equity ETF trades on the BATS stock market under the symbol CLSE.
As of January 15, 2026, CLSE stock price climbed to $27.78 with 57,037 million shares trading.
CLSE has a beta of 0.75, meaning it tends to be less sensitive to market movements. CLSE has a correlation of 0.67 to the broad based SPY ETF.
CLSE has a market cap of $287.73 million. This is considered a Small Cap stock.
In the last 3 years, CLSE traded as high as $27.96 and as low as $14.33.
CLSE has outperformed the market in the last year with a return of +21.3%, while the SPY ETF gained +20.6%. In the last 3 month period, CLSE beat the market returning +9.5%, while SPY returned +5.2%. However, in the most recent 2 weeks CLSE has underperformed the stock market by returning +1.6%, while SPY returned +1.9%.
CLSE support price is $27.31 and resistance is $27.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CLSE shares will trade within this expected range on the day.
