Notable companies
The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Broadcom Inc. (NASDAQ:AVGO), Eli Lilly & Co (NYSE:LLY), Walmart (NYSE:WMT).
Industry description
The investment seeks long-term capital growth.
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%.
Market Cap
The average market capitalization across the Convergence Long/Short Equity ETF ETF is 164.78B. The market cap for tickers in the group ranges from 2.11B to 3.59T. NVDA holds the highest valuation in this group at 3.59T. The lowest valued company is OMI at 2.11B.
High and low price notable news
The average weekly price growth across all stocks in the Convergence Long/Short Equity ETF ETF was 78%. For the same ETF, the average monthly price growth was 109%, and the average quarterly price growth was 306%. SMCI experienced the highest price growth at 65%, while NU experienced the biggest fall at -12%.
Volume
The average weekly volume growth across all stocks in the Convergence Long/Short Equity ETF ETF was 19%. For the same stocks of the ETF, the average monthly volume growth was 51% and the average quarterly volume growth was 29%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 61
P/E Growth Rating: 50
Price Growth Rating: 42
SMR Rating: 48
Profit Risk Rating: 36
Seasonality Score: 21 (-100 ... +100)