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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 June 25, 2026, CLSE stock price climbed to $34.29 with 295,523 million shares trading.
CLSE has a beta of 0.73, meaning it tends to be less sensitive to market movements. CLSE has a correlation of 0.52 to the broad based SPY ETF.
CLSE has a market cap of $719.66 million. This is considered a Small Cap stock.
In the last 3 years, CLSE traded as high as $34.76 and as low as $15.42.
CLSE has outperformed the market in the last year with a price return of +48.1% while the SPY ETF gained +22.3%. CLSE has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +20.1% and +3.0%, respectively, while the SPY returned +12.7% and +1.5%, respectively.
CLSE support price is $33.61 and resistance is $34.33 (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.
