Renaissance International IPO ETF (NYSEARCA:IPOS) Trading Down 2% – Should You Sell?

Renaissance International IPO ETF (NYSEARCA:IPOS)’s share price traded down 2% during mid-day trading on Monday . The stock traded as low as $17.03 and last traded at $17.05. 1,579 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 1,226 shares. The stock had previously closed at $17.39.

Renaissance International IPO ETF Trading Down 0.7%

The business’s fifty day moving average price is $16.79 and its 200 day moving average price is $16.33. The company has a market capitalization of $164.68 million, a P/E ratio of 27.07 and a beta of 0.67.

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 Renaissance International IPO ETF (NYSEARCA:IPOS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,496 shares of the company’s stock, valued at approximately $257,000. Jane Street Group LLC owned approximately 0.18% of Renaissance International IPO ETF 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.