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%.
Frequently asked questions
What is the Trust For Professional Managers - Convergence Long/Short Equity ETF (CLSE) expense ratio?
The Trust For Professional Managers - Convergence Long/Short Equity ETF funds expense ratio is 1.55%.
What is Trust For Professional Managers - Convergence Long/Short Equity ETF (CLSE) current stock price?
As of the latest data, Trust For Professional Managers - Convergence Long/Short Equity ETF stock price is $33.83, with a previous close of $33.88. Trust For Professional Managers - Convergence Long/Short Equity ETF lost -$0.05 in the last trading session, representing a -0.15% loss.
Does Trust For Professional Managers - Convergence Long/Short Equity ETF (CLSE) pay dividends?
Yes. Trust For Professional Managers - Convergence Long/Short Equity ETF pays annual dividends with an annualized yield of 0.77% and an estimated annual payout of $0.26 per share.
