CLSE ETF Analysis: Trust Professional Managers | BATS
Long/Short & Market Neutral | BATS, USA | Market Cap: 940m USD | 12M Return: 19.3% | US89834G7604 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 13.0M
Warnings
Tailwinds
No distinct edge detected
Seasonality 4.7 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
The Convergence Long/Short Equity ETF (CLSE) is a U.S.-listed exchange-traded fund that employs a long/short equity strategy, investing at least 80% of its net assets in long and short positions in equity securities of domestic companies. The fund targets a net long exposure of approximately 50% to 100%, with long positions ranging from roughly 90% to 150% and short positions ranging from roughly 20% to 70%. This market-neutral style of investing allows the fund to potentially profit from both rising and declining stock prices by balancing directional bets with hedging positions.
The long/short equity strategy is commonly associated with hedge fund investing, and ETFs like CLSE offer retail investors access to this approach in a fund wrapper. By maintaining a flexible mix of long and short allocations, the fund seeks to manage portfolio risk while pursuing returns from individual security selection on both sides of the market.
- Long-short alpha generation drives AUM growth and investor flows
- Equity market volatility expands tactical trading opportunities
- Competition from quant ETFs pressures management fee margins
As of November 12, 2026, the stock is trading at USD 32.03 with a total of 520,600 shares traded. Over the past week, the price has changed by -1.54%, over one month by -6.97%, over three months by -4.02% and over the past year by +19.29%.
Current recommended Stop Loss: 31.40 (which is 2% or 1.5 ATR below the current price).
Trust Professional Managers has no consensus analysts rating.