Traders Buy Large Volume of Put Options on Nano Dimension (NASDAQ:NNDM)

Nano Dimension Ltd. (NASDAQ:NNDM) was the target of some unusual options trading activity on Wednesday. Traders bought 10,391 put options on the stock. This is an increase of approximately 445% compared to the average daily volume of 1,907 put options.

Hedge Funds Weigh In On Nano Dimension

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Nano Dimension by 192.5% in the fourth quarter. GAMMA Investing LLC now owns 15,941 shares of the technology company’s stock worth $40,000 after acquiring an additional 10,492 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Nano Dimension by 5.6% during the third quarter. JPMorgan Chase & Co. now owns 103,330 shares of the technology company’s stock worth $253,000 after purchasing an additional 5,437 shares in the last quarter. Tidal Investments LLC raised its stake in Nano Dimension by 4.6% in the third quarter. Tidal Investments LLC now owns 215,784 shares of the technology company’s stock valued at $529,000 after buying an additional 9,538 shares in the last quarter. Barclays PLC lifted its holdings in Nano Dimension by 3,479.1% during the 3rd quarter. Barclays PLC now owns 40,301 shares of the technology company’s stock worth $99,000 after buying an additional 39,175 shares during the last quarter. Finally, Arete Wealth Advisors LLC boosted its position in shares of Nano Dimension by 6.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 882,534 shares of the technology company’s stock worth $2,158,000 after acquiring an additional 52,189 shares in the last quarter. Hedge funds and other institutional investors own 33.89% of the company’s stock.

Nano Dimension Stock Down 3.7 %

Shares of NNDM opened at $2.33 on Friday. Nano Dimension has a fifty-two week low of $2.04 and a fifty-two week high of $3.01. The company has a market cap of $495.02 million, a P/E ratio of -5.68 and a beta of 1.65. The firm’s 50 day moving average price is $2.31 and its 200 day moving average price is $2.29.

Nano Dimension Company Profile

Nano Dimension Ltd., together with its subsidiaries, engages in additive manufacturing solutions in Israel and internationally. The company offers 3D printers, comprising AME systems, which are inkjet printers, that produces Hi-PEDs by depositing proprietary conductive and dielectric substances, as well as integrates in-situ capacitors, antennas, coils, transformers, and electromechanical components; micro additive manufacturing systems, a digital light processing printers (DLP) that achieves production-grade polymer and composite parts; and industrial additive manufacturing systems, that utilizes a patented foil system that fabricates ceramic and metal parts.