Renaissance International IPO ETF (NYSEARCA:IPOS) Stock Jumps 1.7% – What’s Next?

Renaissance International IPO ETF (NYSEARCA:IPOS) shares were up 1.7% on Monday. The company 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 session volume of 4,705 shares. The stock had previously closed at $21.21.

Renaissance International IPO ETF Price Performance

The company’s 50-day moving average price is $22.72 and its 200-day moving average price is $22.28. The company has a market cap of $10.78 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 purchased a new stake in Renaissance International IPO ETF (NYSEARCA:IPOS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 152,976 shares of the company’s stock, valued at approximately $2,789,000. Cetera Investment Advisers owned 30.60% of Renaissance International IPO ETF at the end of the most recent reporting period.

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.