CLSE ETF Analysis: Trust Professional Managers | BATS
Long-Short Equity | BATS, USA | Market Cap: 886m USD | 12M Return: 37.6% | US89834G7604 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 13.5M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 4.4 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
The Convergence Long/Short Equity ETF (CLSE) is a long-short equity fund that invests at least 80% of its net assets in domestic equity securities, taking both long and short positions. Under normal conditions, the fund maintains a net long exposure of approximately 50% to 100%, with long positions ranging from 90% to 150% and short positions ranging from 20% to 70%.
CLSE falls within the alternative ETF category, which seeks to replicate hedge fund-style strategies through exchange-traded products. Long-short equity strategies aim to generate returns with reduced market correlation by pairing long bets on appreciated securities with short bets against declining ones, allowing the fund to potentially profit in both rising and falling equity markets. With a small-cap market capitalization of $658M and an inception date of December 2009, CLSE represents an established offering in the actively managed long-short ETF segment.
- S&P 500 gains boost net long equity exposure
- AUM growth from outperformance expands management fee revenue
- Stock selection alpha on long and short sides drives returns
As of August 21, 2026, the stock is trading at USD 33.21 with a total of 239,341 shares traded. Over the past week, the price has changed by -1.98%, over one month by -1.40%, over three months by +0.88% and over the past year by +37.64%.
Current recommended Stop Loss: 32.70 (which is 1.5% or 1.4 ATR below the current price).
Trust Professional Managers has no consensus analysts rating.