Short Interest in Renaissance International IPO ETF (NYSEARCA:IPOS) Grows By 142.3%

Renaissance International IPO ETF (NYSEARCA:IPOS) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,042 shares, an increase of 142.3% from the August 15th total of 430 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 2,707 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Renaissance International IPO ETF

A hedge fund recently bought a new stake in Renaissance International IPO ETF stock. Cetera Investment Advisers bought a new position in shares of Renaissance International IPO ETF (NYSEARCA:IPOS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 152,976 shares of the company’s stock, valued at approximately $2,789,000. Cetera Investment Advisers owned about 30.60% of Renaissance International IPO ETF as of its most recent SEC filing.

Renaissance International IPO ETF Trading Down 0.7%

IPOS stock traded down $0.17 during trading on Monday, hitting $22.50. The company had a trading volume of 801 shares, compared to its average volume of 4,991. The stock has a market cap of $11.25 million, a PE ratio of 27.07 and a beta of 0.79. The business has a 50-day moving average of $23.29 and a 200-day moving average of $22.04. Renaissance International IPO ETF has a one year low of $15.65 and a one year high of $26.25.

About Renaissance International IPO ETF

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.