Renaissance International IPO ETF (NYSEARCA:IPOS) Trading 0.3% Higher – Still a Buy?

Shares of Renaissance International IPO ETF (NYSEARCA:IPOS) were up 0.3% during trading on Monday . The company traded as high as $13.08 and last traded at $13.06. Approximately 466 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 617 shares. The stock had previously closed at $13.02.

Renaissance International IPO ETF Stock Performance

The firm’s fifty day simple moving average is $12.54 and its 200 day simple moving average is $12.69. The stock has a market capitalization of $5.24 million, a P/E ratio of 20.21 and a beta of 1.08.

Institutional Trading of Renaissance International IPO ETF

A hedge fund recently bought a new stake in Renaissance International IPO ETF stock. Jane Street Group LLC acquired a new position in Renaissance International IPO ETF (NYSEARCA:IPOS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 43,965 shares of the company’s stock, valued at approximately $581,000. Jane Street Group LLC owned about 10.99% of Renaissance International IPO ETF as of its most recent SEC filing.

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.