Renaissance International IPO ETF (NYSEARCA:IPOS) Shares Up 5% – Time to Buy?

Renaissance International IPO ETF (NYSEARCA:IPOS) shot up 5% during trading on Tuesday . The company traded as high as $22.80 and last traded at $22.72. 12,108 shares traded hands during mid-day trading, an increase of 98% from the average session volume of 6,129 shares. The stock had previously closed at $21.63.

Renaissance International IPO ETF Stock Performance

The company’s fifty day simple moving average is $20.30 and its 200-day simple moving average is $18.85. The company has a market capitalization of $11.36 million, a P/E ratio of 27.07 and a beta of 0.78.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 filing with the SEC. The institutional investor bought 17,496 shares of the company’s stock, valued at approximately $257,000. Jane Street Group LLC owned approximately 0.18% of Renaissance International IPO ETF at the end of the most recent reporting period.

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.