Renaissance International IPO ETF (NYSEARCA:IPOS) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Renaissance International IPO ETF (NYSEARCA:IPOS)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.06 and traded as low as $12.16. Renaissance International IPO ETF shares last traded at $12.20, with a volume of 856 shares.

Renaissance International IPO ETF Price Performance

The company has a market cap of $4.88 million, a price-to-earnings ratio of 20.21 and a beta of 1.08. The business’s fifty day moving average price is $12.61 and its 200 day moving average price is $13.06.

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:IPOS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 43,965 shares of the company’s stock, valued at approximately $581,000. Jane Street Group LLC owned 10.99% of Renaissance International IPO ETF as of its most recent SEC filing.

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.