Renaissance International IPO ETF (NYSEARCA:IPOS) Trading Down 0.9% – Here’s What Happened

Shares of Renaissance International IPO ETF (NYSEARCA:IPOS) dropped 0.9% on Tuesday . The stock traded as low as $12.80 and last traded at $12.80. Approximately 265 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 1,393 shares. The stock had previously closed at $12.91.

Renaissance International IPO ETF Stock Down 2.3 %

The stock has a fifty day moving average price of $13.23 and a 200-day moving average price of $12.81. The firm has a market cap of $3.78 million, a price-to-earnings ratio of 22.03 and a beta of 0.78.

Hedge Funds Weigh In On Renaissance International IPO ETF

A hedge fund recently raised its stake in Renaissance International IPO ETF stock. Jane Street Group LLC grew its position in Renaissance International IPO ETF (NYSEARCA:IPOS) by 11.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,988 shares of the company’s stock after acquiring an additional 5,023 shares during the period. Jane Street Group LLC owned about 12.25% of Renaissance International IPO ETF worth $598,000 at the end of the most recent quarter.

Renaissance International IPO ETF Company Profile

The Renaissance International IPO ETF (IPOS) is an exchange-traded fund that is based on the Renaissance International IPO index. The fund tracks a cap-weighted index of recent IPOs listed internationally. The fund adds an IPO within 90 days of its initial listing. IPOS was launched on Oct 6, 2014 and is managed by Renaissance.