Short Interest in Renaissance International IPO ETF (NYSEARCA:IPOS) Decreases By 59.9%

Renaissance International IPO ETF (NYSEARCA:IPOS) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 367 shares, a decrease of 59.9% from the July 15th total of 915 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 2,589 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Renaissance International IPO ETF

An institutional investor recently bought a new stake in Renaissance International IPO ETF stock. Cetera Investment Advisers bought a new stake in Renaissance International IPO ETF (NYSEARCA:IPOS) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 152,976 shares of the company’s stock, valued at approximately $2,789,000. Cetera Investment Advisers owned approximately 30.60% of Renaissance International IPO ETF as of its most recent SEC filing.

Renaissance International IPO ETF Price Performance

Shares of IPOS stock traded down $0.04 during trading hours on Friday, hitting $23.58. The stock had a trading volume of 561 shares, compared to its average volume of 5,358. The firm has a market capitalization of $11.79 million, a PE ratio of 27.07 and a beta of 0.79. The stock’s 50 day moving average is $23.79 and its 200 day moving average is $21.49. Renaissance International IPO ETF has a twelve month low of $15.65 and a twelve month 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.