The Renaissance International IPO ETF (IPOS) outperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today, producing a +4.27% one-day return and outperforming the wider markets by a total of 3.99 percentage points.
Behind The Gains
IPOS closed today at $19.31 per share, up $0.79 (+4.27%). Putting this move in context, the S&P 500 index — largely considered the most popular and useful benchmark for equity performance — closed up $0.64 (+0.28%) on the day.