Renaissance International IPO ETF (NYSEARCA:IPOS) Stock Price Down 0.8% – Should You Sell?

Renaissance International IPO ETF (NYSEARCA:IPOS)’s stock price traded down 0.8% during trading on Tuesday . The stock traded as low as $18.27 and last traded at $18.36. 1,351 shares changed hands during trading, a decline of 3% from the average session volume of 1,396 shares. The stock had previously closed at $18.50.

Renaissance International IPO ETF Trading Down 0.8%

The company’s 50-day simple moving average is $17.01 and its 200-day simple moving average is $16.70. The stock has a market capitalization of $179.01 million, a price-to-earnings ratio of 27.07 and a beta of 0.67.

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) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 17,496 shares of the company’s stock, valued at approximately $257,000. Jane Street Group LLC owned 0.18% of Renaissance International IPO ETF at the end of the most recent quarter.

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.