Renaissance International IPO ETF (NYSEARCA:IPOS) Shares Down 0.4% – What’s Next?

Renaissance International IPO ETF (NYSEARCA:IPOS)’s share price dropped 0.4% on Wednesday . The company traded as low as $24.87 and last traded at $24.87. 4,143 shares changed hands during trading, a decline of 31% from the average daily volume of 6,031 shares. The stock had previously closed at $24.97.

Renaissance International IPO ETF Stock Down 0.4%

The company has a market capitalization of $12.44 million, a price-to-earnings ratio of 27.07 and a beta of 0.79. The company has a 50-day moving average price of $22.40 and a 200-day moving average price of $19.92.

Institutional Trading of Renaissance International IPO ETF

An institutional investor recently bought a new position in Renaissance International IPO ETF stock. Jane Street Group LLC bought a new stake in Renaissance International IPO ETF (NYSEARCA:IPOS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,496 shares of the company’s stock, valued at approximately $257,000. Jane Street Group LLC owned about 0.18% 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.