Convergence Long/Short Equity ETF (CLSE) — ()
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CLSE: Long/Short Fund Ideal For Today's Macro Set-Up (Rating Upgrade)
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Sentiment: Positive ()
CLSE's long-short strategy minimizes volatility and provides consistent alpha, outperforming SPY and IWV with a high Sharpe ratio and significant alpha. The fund's long exposure is 116%, short exposure is …
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About Convergence Long/Short Equity ETF CLSE
The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.