Stock Traders Purchase High Volume of Put Options on Nano Dimension (NASDAQ:NNDM)

Nano Dimension Ltd. (NASDAQ:NNDM) was the target of some unusual options trading on Wednesday. Investors bought 26,707 put options on the stock. This is an increase of approximately 969% compared to the average volume of 2,498 put options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Alpine Global Management LLC purchased a new position in shares of Nano Dimension in the 4th quarter valued at about $2,128,000. CSS LLC IL purchased a new position in Nano Dimension in the fourth quarter worth approximately $50,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Nano Dimension by 21.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 465,856 shares of the technology company’s stock worth $1,155,000 after acquiring an additional 82,667 shares in the last quarter. Vident Advisory LLC increased its position in shares of Nano Dimension by 113.9% in the 4th quarter. Vident Advisory LLC now owns 33,920 shares of the technology company’s stock valued at $84,000 after purchasing an additional 18,065 shares during the last quarter. Finally, Sphera Management Technology Funds Ltd acquired a new stake in shares of Nano Dimension in the 4th quarter valued at $1,121,000. 33.89% of the stock is owned by institutional investors and hedge funds.

Nano Dimension Price Performance

Shares of NNDM stock traded up $0.07 on Wednesday, hitting $1.80. The stock had a trading volume of 2,587,603 shares, compared to its average volume of 1,446,449. The company’s 50 day moving average price is $2.29 and its 200-day moving average price is $2.30. Nano Dimension has a 1 year low of $1.67 and a 1 year high of $2.87. The firm has a market capitalization of $381.36 million, a P/E ratio of -4.38 and a beta of 1.45.

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.