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.

Institutional Inflows and Outflows

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:IPOS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 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 at the end of the most recent quarter.

Renaissance International IPO ETF Trading Up 1.6%

Shares of NYSEARCA IPOS opened at $23.57 on Wednesday. The firm has a market capitalization of $11.79 million, a PE ratio of 27.07 and a beta of 0.78. Renaissance International IPO ETF has a 1 year low of $14.02 and a 1 year high of $23.65. The firm’s 50-day moving average is $20.62 and its 200-day moving average is $19.00.

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.