Nano Dimension (NASDAQ:NNDM) Trading Up 10% – Here’s What Happened

Nano Dimension Ltd. (NASDAQ:NNDM)’s share price rose 10% during trading on Tuesday . The stock traded as high as $2.47 and last traded at $2.48. Approximately 956,386 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 2,092,602 shares. The stock had previously closed at $2.25.

Nano Dimension Stock Performance

The business’s 50-day simple moving average is $2.36 and its two-hundred day simple moving average is $2.29.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC acquired a new position in Nano Dimension during the 3rd quarter worth about $25,000. GAMMA Investing LLC boosted its stake in shares of Nano Dimension by 192.5% in the fourth quarter. GAMMA Investing LLC now owns 15,941 shares of the technology company’s stock valued at $40,000 after purchasing an additional 10,492 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Nano Dimension in the third quarter valued at approximately $41,000. Kingswood Wealth Advisors LLC acquired a new stake in Nano Dimension during the 4th quarter worth approximately $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in 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 institutional investors and hedge funds.

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.