Nano Dimension Target of Unusually Large Options Trading (NASDAQ:NNDM)

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

Nano Dimension Stock Performance

Shares of Nano Dimension stock opened at $2.33 on Friday. The stock has a 50 day moving average of $2.31 and a 200 day moving average of $2.29. The firm has a market capitalization of $495.02 million, a price-to-earnings ratio of -5.68 and a beta of 1.65. Nano Dimension has a fifty-two week low of $2.04 and a fifty-two week high of $3.01.

Hedge Funds Weigh In On Nano Dimension

Hedge funds have recently modified their holdings of the business. Susquehanna Fundamental Investments LLC boosted its stake in Nano Dimension by 15.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 261,022 shares of the technology company’s stock worth $574,000 after buying an additional 34,625 shares during the period. Clearline Capital LP lifted its stake in Nano Dimension by 5.8% during the second quarter. Clearline Capital LP now owns 4,667,921 shares of the technology company’s stock worth $10,269,000 after purchasing an additional 256,449 shares in the last quarter. Creative Planning boosted its position in shares of Nano Dimension by 20.1% during the third quarter. Creative Planning now owns 43,365 shares of the technology company’s stock worth $106,000 after buying an additional 7,264 shares during the period. ARK Investment Management LLC grew its stake in shares of Nano Dimension by 2.2% in the third quarter. ARK Investment Management LLC now owns 1,777,140 shares of the technology company’s stock valued at $4,354,000 after buying an additional 37,579 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Nano Dimension by 83.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,031 shares of the technology company’s stock valued at $83,000 after buying an additional 15,485 shares during the period. 33.89% of the stock is currently owned by hedge funds and other institutional investors.

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.