Janney Montgomery Scott LLC Purchases 86,464 Shares of Convergence Long/Short Equity ETF $CLSE

Janney Montgomery Scott LLC boosted its position in shares of Convergence Long/Short Equity ETF (BATS:CLSE) by 24.6% in the first quarter, HoldingsChannel reports. The fund owned 438,249 shares of the company’s stock after purchasing an additional 86,464 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.05% of Convergence Long/Short Equity ETF worth $12,332,000 as of its most recent SEC filing.

Separately, Flagship Harbor Advisors LLC grew its holdings in Convergence Long/Short Equity ETF by 4.5% in the fourth quarter. Flagship Harbor Advisors LLC now owns 705,459 shares of the company’s stock worth $19,280,000 after purchasing an additional 30,205 shares during the last quarter.

Convergence Long/Short Equity ETF Trading Down 1.1%

Shares of CLSE stock opened at $33.77 on Thursday. The business’s fifty day simple moving average is $33.16 and its 200-day simple moving average is $29.96. The company has a market cap of $270.84 million, a PE ratio of 18.57 and a beta of 0.61. Convergence Long/Short Equity ETF has a 12-month low of $23.15 and a 12-month high of $34.76.

Convergence Long/Short Equity ETF Company Profile

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.