Renaissance Technologies Discloses New Position in IDEX

EV Battery Stocks News

According to a recent Form 13F filing submitted to the SEC, Renaissance Technologies LLC disclosed a noteworthy and bullish investment in IDEX stock. Here’s what you need to know about Ideanomics, Inc., as well as Renaissance Technologies LLC and their long position in shares of IDEX stock:

About Renaissance Technologies LLC

East Setauket, New York-based Renaissance Technologies LLC, also known as RenTech or RenTec, is a quantitative hedge fund based specializing in systematic trading using models derived from mathematical and statistical analysis.

About Ideanomics, Inc. (IDEX)

Ideanomics, Inc., through its subsidiaries, develops zero emission mobility solutions for the off-highway and on-highway commercial vehicle markets in Asia and the United States. The company’s Ideanomics Mobility business unit focuses on the commercial adoption of electric vehicles (EV) by commercial fleet operators. This business unit provides solutions for the procurement, financing, charging, and energy management needs for the fleet operators of commercial EVs; and zero emission mobility solutions, such as the provision of commercial electric vans, trucks, buses, electric tractors, and two-wheeled transportation, supporting by the provision of energy services and infrastructure for the EV market comprising charging systems, energy storage, and energy generation, including hydrogen and solar, and associated data and management applications. It also offers high-power inductive charging solutions for medium and heavy-duty EVs; manufactures and distributes electric powered tractors; manufactures and sells hydrogen fuel cells and power electronics for electric, hydrogen, and hybrid powered vehicles; manufactures and sells electric motorcycles and the FIM Enel MotoE World Cup; sells EV bikes, scooters, and batteries under the Treeletrik brand; and sells ride hailing vehicles, electric vans, trucks, buses, and EV batteries. The company’s Ideanomics Capital business unit provides fintech services, which focuses on the enhancement of efficiency, transparency, and profitability for the financial services industry. This business unit offers solutions for the real estate transactions, including title and escrow, residential and commercial title insurance, and closing and settlement services, as well as specialized offerings for the mortgage process industry; and acts as the Financial Industry Regulatory Authority-registered broker dealer that operates a funding platform. Ideanomics, Inc. was incorporated in 2004 and is headquartered in New York, New York.

Renaissance Technologies Buys Stock in IDEX

According to the most recent 13F filed by Renaissance Technologies LLC, the firm added 1,216,513 shares of IDEX stock to it holdings in the recent quarter. That brings their total long position in Ideanomics, Inc. to 1,216,513 shares, representing approximately 0.2158% of the 563,603,021 IDEX shares outstanding. Based on the most recent closing price of $0.26 per share of IDEX, the entire Renaissance Technologies position in Ideanomics, Inc. is worth roughly $311,913.93. While that represents just a drop in the bucket for Renaissance Technologies, it still is bullish that an institutional investor like Renaissance took a long position in IDEX.


Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Renaissance Technologies LLC. Also be sure to check out more recent 13F filing analysis news here.

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