Renaissance International IPO ETF (NYSEARCA:IPOS) Sees Significant Decline in Short Interest

Renaissance International IPO ETF (NYSEARCA:IPOS) was the target of a significant drop in short interest in 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. Based on an average trading volume of 6,764 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.0% of the shares of the company are sold short.

Institutional Trading of Renaissance International IPO ETF

An institutional investor 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) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 reporting period.

Renaissance International IPO ETF Trading Down 1.9%

Shares of NYSEARCA:IPOS traded down $0.45 on Thursday, reaching $23.23. 1,808 shares of the company’s stock were exchanged, compared to its average volume of 5,940. Renaissance International IPO ETF has a twelve month low of $14.02 and a twelve month high of $23.82. The company has a fifty day moving average of $20.84 and a 200-day moving average of $19.09. The company has a market capitalization of $11.62 million, a price-to-earnings ratio of 27.07 and a beta of 0.78.

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.