Convergence Long/Short Equity ETF (CLSE)
Convergence Long/Short Equity ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Palm Beach Gardens, FL, US. The stock last traded at $33.60, up 0.69% on the session, giving a market capitalisation of $388.7M. Its beta of 0.73 implies it has historically moved less than the broad market.
The Convergence Long/Short Equity ETF is designed to offer enhanced investment performance relative to standard approaches, simultaneously aiming to mitigate potential downside. This fund endeavors to produce reliable and significant outperformance (alpha) by utilizing its proprietary method of ranking fundamentals to select both buying and selling opportunities across diverse market environments.
Convergence Long/Short Equity ETF is most often compared with the following Financial Services names: