Renaissance International IPO ETF (NYSEARCA:IPOS) Short Interest Up 142.3% in August

Renaissance International IPO ETF (NYSEARCA:IPOS) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,042 shares, a growth of 142.3% from the August 15th total of 430 shares. Based on an average trading volume of 2,707 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of Renaissance International IPO ETF

A hedge fund recently bought a new stake in Renaissance International IPO ETF stock. Cetera Investment Advisers purchased a new stake in shares of Renaissance International IPO ETF (NYSEARCA:IPOS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 152,976 shares of the company’s stock, valued at approximately $2,789,000. Cetera Investment Advisers owned 30.60% of Renaissance International IPO ETF at the end of the most recent reporting period.

Renaissance International IPO ETF Trading Down 1.2%

NYSEARCA:IPOS traded down $0.26 on Tuesday, reaching $22.24. 801 shares of the stock traded hands, compared to its average volume of 4,991. The firm has a market capitalization of $11.12 million, a price-to-earnings ratio of 27.07 and a beta of 0.79. Renaissance International IPO ETF has a 1-year low of $15.65 and a 1-year high of $26.25. The company’s 50 day moving average is $23.23 and its 200-day moving average is $22.05.

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.