The answer depends on the direction of the axis of rotation.
If the axis is normal to the plane, then you have the same amount of material the same distance from the axis of rotation as before - and thus the moment of inertia about that axis would be unchanged.
However, if the axis of rotation you consider is in the plane of the paper, the answer will change. For the vertical axis in the plane, the projected mass per unit length will increase while the apparent length of the rod is shortened: in other words, looking at the setup from the top of the V, it looks like you have a shorter rod with more mass per unit length and the moment of inertia about that axis will decrease; similarly, the moment of inertia about the horizontal axis in the plane (originally along the axis of the unbent rod) will increase (since by the perpendicular axis theorem, their sum must equal the moment of inertia about the third, normal-to-the-paper axis).