Nano Dimension Sees Unusually Large Options Volume (NASDAQ:NNDM)

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

Institutional Trading of Nano Dimension

Several institutional investors and hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Nano Dimension by 83.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,031 shares of the technology company’s stock worth $83,000 after purchasing an additional 15,485 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Nano Dimension by 86.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 383,189 shares of the technology company’s stock worth $939,000 after buying an additional 177,951 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Nano Dimension in the 3rd quarter worth $41,000. State Street Corp raised its position in shares of Nano Dimension by 0.5% during the 3rd quarter. State Street Corp now owns 2,081,161 shares of the technology company’s stock valued at $5,099,000 after buying an additional 10,950 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Nano Dimension by 104.0% during the 3rd quarter. Jane Street Group LLC now owns 379,625 shares of the technology company’s stock worth $930,000 after acquiring an additional 193,546 shares during the last quarter. Hedge funds and other institutional investors own 33.89% of the company’s stock.

Nano Dimension Stock Performance

Shares of NNDM stock opened at $1.78 on Thursday. The company has a market capitalization of $378.17 million, a PE ratio of -4.34 and a beta of 1.45. Nano Dimension has a 52-week low of $1.67 and a 52-week high of $2.87. The business’s fifty day moving average is $2.28 and its 200 day moving average is $2.30.

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.