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

Renaissance International IPO ETF (NYSEARCA:IPOSGet Free Report) was the target of a significant 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. Currently, 1.0% of the company’s shares are sold short. Based on an average trading volume of 6,764 shares, the short-interest ratio is presently 0.7 days.

Renaissance International IPO ETF Stock Down 1.1%

Renaissance International IPO ETF stock opened at $23.41 on Friday. The business’s 50-day simple moving average is $20.94 and its 200 day simple moving average is $19.14. The stock has a market cap of $11.71 million, a price-to-earnings ratio of 27.07 and a beta of 0.79. Renaissance International IPO ETF has a 12-month low of $14.02 and a 12-month high of $23.82.

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 bought a new stake in Renaissance International IPO ETF (NYSEARCA:IPOSFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 quarter.

About Renaissance International IPO ETF

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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.

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