Renaissance International IPO ETF (NYSEARCA:IPOS) Shares Down 9% – Here’s What Happened

Renaissance International IPO ETF (NYSEARCA:IPOS) was down 9% on Tuesday . The company traded as low as $18.27 and last traded at $19.01. Approximately 37,410 shares traded hands during mid-day trading, an increase of 368% from the average daily volume of 7,995 shares. The stock had previously closed at $20.90.

Renaissance International IPO ETF Trading Down 9.0%

The firm has a fifty day moving average of $18.87 and a two-hundred day moving average of $17.57. The company has a market capitalization of $185.35 million, a PE ratio of 27.07 and a beta of 0.67.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Renaissance International IPO ETF stock. Jane Street Group LLC purchased a new stake in shares of Renaissance International IPO ETF (NYSEARCA:IPOS) in the second quarter, according to its most recent 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.

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.