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

Renaissance International IPO ETF (NYSEARCA:IPOS) dropped 0.9% during trading on Tuesday . The company traded as low as $12.80 and last traded at $12.80. Approximately 265 shares traded hands 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 stock has a market capitalization of $3.84 million, a PE ratio of 22.03 and a beta of 0.78. The firm’s 50 day simple moving average is $13.24 and its 200 day simple moving average is $12.81.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Renaissance International IPO ETF stock. Jane Street Group LLC acquired a new position in Renaissance International IPO ETF (NYSEARCA:IPOS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 43,965 shares of the company’s stock, valued at approximately $581,000. Jane Street Group LLC owned 10.99% of Renaissance International IPO ETF as of its most recent filing with the Securities and Exchange Commission.

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.