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

Nano Dimension Ltd. (NASDAQ:NNDM) was the target of some unusual options trading activity on Wednesday. Stock investors purchased 26,707 put options on the company. This is an increase of 969% compared to the average volume of 2,498 put options.

Nano Dimension Stock Performance

Nano Dimension stock opened at $1.78 on Thursday. The stock has a market cap of $378.17 million, a price-to-earnings ratio of -4.34 and a beta of 1.45. The stock’s 50 day simple moving average is $2.28 and its two-hundred day simple moving average is $2.30. Nano Dimension has a fifty-two week low of $1.67 and a fifty-two week high of $2.87.

Hedge Funds Weigh In On Nano Dimension

Several institutional investors and hedge funds have recently added to or reduced their stakes in NNDM. Geode Capital Management LLC increased its stake in shares of Nano Dimension by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 500,526 shares of the technology company’s stock worth $1,241,000 after acquiring an additional 4,870 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Nano Dimension by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 103,330 shares of the technology company’s stock valued at $253,000 after purchasing an additional 5,437 shares in the last quarter. Tidal Investments LLC boosted its stake in Nano Dimension by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 215,784 shares of the technology company’s stock valued at $529,000 after purchasing an additional 9,538 shares during the last quarter. Insigneo Advisory Services LLC bought a new position in shares of Nano Dimension during the fourth quarter valued at $25,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in shares of Nano Dimension during the 4th quarter valued at about $25,000. Hedge funds and other institutional investors own 33.89% of the company’s stock.

About Nano Dimension

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.