Renaissance International IPO ETF (NYSEARCA:IPOS) Trading Down 0.4% – Here’s Why

Renaissance International IPO ETF (NYSEARCA:IPOS)’s stock price fell 0.4% during mid-day trading on Wednesday . The company traded as low as $24.87 and last traded at $24.87. Approximately 4,143 shares were traded during trading, a decline of 31% from the average daily volume of 6,031 shares. The stock had previously closed at $24.97.

Renaissance International IPO ETF Stock Down 1.8%

The stock’s 50-day simple moving average is $22.48 and its two-hundred day simple moving average is $19.98. The company has a market capitalization of $12.48 million, a price-to-earnings ratio of 27.07 and a beta of 0.79.

Hedge Funds Weigh In On Renaissance International IPO ETF

An institutional investor recently bought a new position in Renaissance International IPO ETF stock. Jane Street Group LLC purchased a new position in Renaissance International IPO ETF (NYSEARCA:IPOS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,496 shares of the company’s stock, valued at approximately $257,000. Jane Street Group LLC owned about 0.18% of Renaissance International IPO ETF at the end of the most recent reporting period.

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.