Short Interest in Renaissance International IPO ETF (NYSEARCA:IPOS) Drops By 85.6%

Renaissance International IPO ETF (NYSEARCA:IPOS) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 723 shares, a drop of 85.6% from the June 15th total of 5,022 shares. Based on an average trading volume of 7,781 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Renaissance International IPO ETF

A hedge fund recently bought a new position in Renaissance International IPO ETF stock. Cetera Investment Advisers acquired a new stake in Renaissance International IPO ETF (NYSEARCA:IPOS) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 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 filing with the SEC.

Renaissance International IPO ETF Stock Performance

Shares of NYSEARCA:IPOS traded down $0.93 during trading on Monday, hitting $23.49. 2,082 shares of the stock were exchanged, compared to its average volume of 5,863. The company has a market capitalization of $11.74 million, a price-to-earnings ratio of 27.07 and a beta of 0.77. Renaissance International IPO ETF has a 1-year low of $15.10 and a 1-year high of $26.25. The company’s fifty day simple moving average is $23.34 and its 200-day simple moving average is $20.61.

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.