Convergence Long/Short Equity ETF (CLSE)

Convergence Long/Short Equity ETF (CLSE) is an exchange-traded fund in the Long Short Equity category. It has $733.06M in assets, an expense ratio of 1.52% and a 0.76% dividend yield. 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 rang…