Renaissance International IPO ETF (NYSEARCA:IPOS) Sees Significant Drop in Short Interest

Renaissance International IPO ETF (NYSEARCA:IPOS) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 723 shares, a drop of 85.6% from the June 15th total of 5,022 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 7,781 shares, the days-to-cover ratio is currently 0.1 days.

Renaissance International IPO ETF Stock Down 1.5%

Shares of IPOS stock traded down $0.36 during mid-day trading on Friday, reaching $24.42. 183 shares of the company’s stock traded hands, compared to its average volume of 5,893. The company’s 50-day moving average price is $23.34 and its 200-day moving average price is $20.59. The company has a market cap of $12.21 million, a P/E ratio of 27.07 and a beta of 0.77. Renaissance International IPO ETF has a 12 month low of $15.10 and a 12 month high of $26.25.

Hedge Funds Weigh In On Renaissance International IPO ETF

An institutional investor recently bought a new stake in Renaissance International IPO ETF stock. Jane Street Group LLC purchased a new position in Renaissance International IPO ETF (NYSEARCA:IPOS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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.

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.