Renaissance International IPO ETF (NYSEARCA:IPOS) Stock Price Up 0.9% – Here’s Why

Renaissance International IPO ETF (NYSEARCA:IPOS)’s share price shot up 0.9% during trading on Monday . The company traded as high as $22.88 and last traded at $22.58. Approximately 2,041 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 5,497 shares. The stock had previously closed at $22.37.

Renaissance International IPO ETF Trading Up 0.9%

The stock has a market cap of $11.29 million, a price-to-earnings ratio of 27.07 and a beta of 0.77. The stock’s 50 day moving average is $23.68 and its two-hundred day moving average is $21.20.

Institutional Investors Weigh In On Renaissance International IPO ETF

An institutional investor recently bought a new stake in Renaissance International IPO ETF stock. Jane Street Group LLC purchased a new position in shares of Renaissance International IPO ETF (NYSEARCA:IPOS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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.

Renaissance International IPO ETF Company Profile

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.