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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 August 28, 2026, CLSE stock price climbed to $33.70 with 239,105 million shares trading.
CLSE has a beta of 0.66, meaning it tends to be less sensitive to market movements. CLSE has a correlation of 0.41 to the broad based SPY ETF.
CLSE has a market cap of $904.42 million. This is considered a Small Cap stock.
In the last 3 years, CLSE traded as high as $34.76 and as low as $15.97.
CLSE has outperformed the market in the last year with a price return of +37.7% while the SPY ETF gained +19.7%. However, in the short term, CLSE had mixed performance relative to the market. It has underperformed in the last 3 months, returning +0.4% vs +2.2% return in SPY. But in the last 2 weeks, CLSE shares have fared better than the market returning -0.4% compared to SPY -0.9%.
CLSE support price is $33.41 and resistance is $33.87 (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.
