Renaissance International IPO ETF (NYSEARCA:IPOS) Trading Down 0.9% – Should You Sell?

Renaissance International IPO ETF (NYSEARCA:IPOS) shares were down 0.9% during mid-day trading on Tuesday . The stock traded as low as $12.80 and last traded at $12.80. Approximately 265 shares were traded during trading, a decline of 81% from the average daily volume of 1,393 shares. The stock had previously closed at $12.91.

Renaissance International IPO ETF Price Performance

The business’s 50 day moving average price is $13.23 and its 200 day moving average price is $12.81. The firm has a market cap of $3.78 million, a PE ratio of 22.03 and a beta of 0.78.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Renaissance International IPO ETF stock. Jane Street Group LLC bought a new position in shares of Renaissance International IPO ETF (NYSEARCA:IPOS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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.

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.