Renaissance International IPO ETF (NYSEARCA:IPOS) Shares Up 1.1% – Should You Buy?

Renaissance International IPO ETF (NYSEARCA:IPOS)’s share price rose 1.1% on Thursday . The stock traded as high as $12.44 and last traded at $12.38. Approximately 441 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 1,598 shares. The stock had previously closed at $12.25.

Renaissance International IPO ETF Price Performance

The firm has a market cap of $4.97 million, a price-to-earnings ratio of 20.21 and a beta of 1.08. The stock’s fifty day moving average price is $12.45 and its 200-day moving average price is $12.83.

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 purchased a new position in shares of Renaissance International IPO ETF (NYSEARCA:IPOS) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 43,965 shares of the company’s stock, valued at approximately $581,000. Jane Street Group LLC owned approximately 10.99% of Renaissance International IPO ETF at the end of the most recent reporting period.

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.