Renaissance International IPO ETF (NYSEARCA:IPOS) Stock Price Up 1.1% – Should You Buy?

Shares of Renaissance International IPO ETF (NYSEARCA:IPOS) shot up 1.1% during mid-day trading on Thursday . The stock traded as high as $12.44 and last traded at $12.38. 441 shares traded hands during trading, a decline of 72% from the average session volume of 1,598 shares. The stock had previously closed at $12.25.

Renaissance International IPO ETF Stock Up 0.3 %

The stock has a market capitalization of $4.97 million, a P/E ratio of 20.21 and a beta of 1.08. The company has a 50 day moving average of $12.45 and a 200-day moving average of $12.83.

Institutional Investors Weigh In On Renaissance International IPO ETF

An institutional investor recently bought a new position in Renaissance International IPO ETF stock. Jane Street Group LLC bought a new stake in Renaissance International IPO ETF (NYSEARCA:IPOS) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 43,965 shares of the company’s stock, valued at approximately $581,000. Jane Street Group LLC owned about 10.99% of Renaissance International IPO ETF as of its most recent filing with the Securities & Exchange Commission.

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.