Short Interest in Renaissance International IPO ETF (NYSEARCA:IPOS) Decreases By 59.9%

Renaissance International IPO ETF (NYSEARCA:IPOS) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 367 shares, a decrease of 59.9% from the July 15th total of 915 shares. Based on an average daily volume of 2,589 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Renaissance International IPO ETF

A hedge fund recently bought a new stake in Renaissance International IPO ETF stock. Cetera Investment Advisers purchased a new position in shares of Renaissance International IPO ETF (NYSEARCA:IPOS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 152,976 shares of the company’s stock, valued at approximately $2,789,000. Cetera Investment Advisers owned approximately 30.60% of Renaissance International IPO ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Renaissance International IPO ETF Stock Performance

IPOS traded down $0.04 on Friday, hitting $23.58. 561 shares of the company were exchanged, compared to its average volume of 5,358. The firm has a market capitalization of $11.79 million, a P/E ratio of 27.07 and a beta of 0.79. The business’s fifty day moving average is $23.79 and its 200 day moving average is $21.49. Renaissance International IPO ETF has a fifty-two week low of $15.65 and a fifty-two week high of $26.25.

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.