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

Nano Dimension Ltd. (NASDAQ:NNDM) was the recipient of unusually large options trading on Tuesday. Traders bought 4,243 call options on the company. This is an increase of 77% compared to the typical volume of 2,397 call options.

Nano Dimension Price Performance

NNDM stock traded down $0.39 during midday trading on Tuesday, reaching $1.70. The company had a trading volume of 2,229,327 shares, compared to its average volume of 1,398,753. The company has a market capitalization of $360.11 million, a P/E ratio of -4.16 and a beta of 1.45. Nano Dimension has a 1 year low of $2.04 and a 1 year high of $2.87. The firm has a 50-day moving average price of $2.30 and a 200-day moving average price of $2.30.

Institutional Investors Weigh In On Nano Dimension

A number of hedge funds have recently made changes to their positions in NNDM. Anson Funds Management LP boosted its holdings in Nano Dimension by 3.1% during the 4th quarter. Anson Funds Management LP now owns 19,662,867 shares of the technology company’s stock valued at $48,764,000 after acquiring an additional 598,957 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Nano Dimension by 0.7% during the fourth quarter. Ameriprise Financial Inc. now owns 2,560,820 shares of the technology company’s stock valued at $6,351,000 after purchasing an additional 17,700 shares during the period. State Street Corp grew its holdings in shares of Nano Dimension by 0.5% in the third quarter. State Street Corp now owns 2,081,161 shares of the technology company’s stock worth $5,099,000 after purchasing an additional 10,950 shares during the last quarter. Arete Wealth Advisors LLC grew its holdings in shares of Nano Dimension by 3.6% in the fourth quarter. Arete Wealth Advisors LLC now owns 914,559 shares of the technology company’s stock worth $2,259,000 after purchasing an additional 32,025 shares during the last quarter. Finally, Alpine Global Management LLC purchased a new position in shares of Nano Dimension in the fourth quarter worth $2,128,000. 33.89% of the stock is currently owned by institutional investors.

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.