Renaissance International IPO ETF (NYSEARCA:IPOS) Short Interest Down 85.6% in June

Renaissance International IPO ETF (NYSEARCA:IPOS) was the recipient of a large 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. Based on an average daily volume of 7,781 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Renaissance International IPO ETF

A hedge fund recently bought a new position in Renaissance International IPO ETF stock. Jane Street Group LLC bought a new position in Renaissance International IPO ETF (NYSEARCA:IPOS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 17,496 shares of the company’s stock, valued at approximately $257,000. Jane Street Group LLC owned approximately 0.18% of Renaissance International IPO ETF as of its most recent filing with the SEC.

Renaissance International IPO ETF Stock Performance

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

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.