Renaissance International IPO ETF (NYSEARCA:IPOS) Shares Up 1.7% – Still a Buy?

Renaissance International IPO ETF (NYSEARCA:IPOS)’s share price traded up 1.7% during trading on Monday. The stock traded as high as $21.56 and last traded at $21.56. Approximately 511 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 4,705 shares. The stock had previously closed at $21.21.

Renaissance International IPO ETF Stock Down 2.7%

The business has a 50-day moving average price of $22.71 and a 200-day moving average price of $22.30. The firm has a market capitalization of $10.47 million, a P/E ratio of 27.07 and a beta of 0.78.

Hedge Funds Weigh In On Renaissance International IPO ETF

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

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.