Janney Montgomery Scott LLC Boosts Stake in Convergence Long/Short Equity ETF $CLSE

Janney Montgomery Scott LLC raised its stake in shares of Convergence Long/Short Equity ETF (BATS:CLSE) by 24.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 438,249 shares of the company’s stock after acquiring an additional 86,464 shares during the quarter. Janney Montgomery Scott LLC owned approximately 5.46% of Convergence Long/Short Equity ETF worth $12,332,000 at the end of the most recent reporting period.

Separately, Elyxium Wealth LLC raised its position in shares of Convergence Long/Short Equity ETF by 5.3% in the 4th quarter. Elyxium Wealth LLC now owns 109,947 shares of the company’s stock worth $3,005,000 after acquiring an additional 5,512 shares in the last quarter.

Convergence Long/Short Equity ETF Price Performance

Shares of BATS CLSE opened at $33.77 on Thursday. Convergence Long/Short Equity ETF has a 1-year low of $23.15 and a 1-year high of $34.76. The business has a fifty day moving average price of $33.16 and a 200 day moving average price of $29.96. The stock has a market capitalization of $270.84 million, a P/E ratio of 18.57 and a beta of 0.61.

About Convergence Long/Short Equity ETF

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.