Short Interest in Renaissance International IPO ETF (NYSEARCA:IPOS) Declines By 37.5%

Renaissance International IPO ETF (NYSEARCA:IPOS) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 4,986 shares, a drop of 37.5% from the April 30th total of 7,982 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 6,764 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Renaissance International IPO ETF

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

Renaissance International IPO ETF Stock Performance

Shares of NYSEARCA IPOS opened at $23.57 on Wednesday. Renaissance International IPO ETF has a 52-week low of $14.02 and a 52-week high of $23.65. The firm has a 50 day moving average price of $20.62 and a 200 day moving average price of $19.00. The stock has a market cap of $11.79 million, a P/E ratio of 27.07 and a beta of 0.78.

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.