Renaissance International IPO ETF (NYSEARCA:IPOS) Trading 0.9% Higher – Still a Buy?

Renaissance International IPO ETF (NYSEARCA:IPOS)’s share price traded up 0.9% during mid-day trading on Tuesday . The stock traded as high as $18.35 and last traded at $18.32. 3,700 shares changed hands during trading, a decline of 52% from the average session volume of 7,721 shares. The stock had previously closed at $18.15.

Renaissance International IPO ETF Stock Down 5.0%

The stock has a market cap of $172.67 million, a PE ratio of 27.07 and a beta of 0.67. The firm has a fifty day moving average of $19.28 and a 200 day moving average of $17.85.

Institutional Investors Weigh In On Renaissance International IPO ETF

A hedge fund recently bought a new stake in Renaissance International IPO ETF stock. Jane Street Group LLC bought a new position in shares of Renaissance International IPO ETF (NYSEARCA:IPOS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 as of its most recent SEC filing.

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.