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

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

Renaissance International IPO ETF Stock Up 0.9%

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Renaissance International IPO ETF stock. Cetera Investment Advisers acquired a new stake in Renaissance International IPO ETF (NYSEARCA:IPOS) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 152,976 shares of the company’s stock, valued at approximately $2,789,000. Cetera Investment Advisers owned about 30.60% of Renaissance International IPO ETF at the end of the most recent quarter.

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.