2x Long CRWV Daily ETF (NASDAQ:CRWG – Get Free Report) saw some unusual options trading on Friday. Traders purchased 2,242 call options on the company. This is an increase of approximately 86% compared to the average volume of 1,203 call options.
2x Long CRWV Daily ETF Trading Down 19.7%
2x Long CRWV Daily ETF stock traded down $2.16 during trading on Friday, reaching $8.83. The stock had a trading volume of 5,481,728 shares, compared to its average volume of 2,190,456. 2x Long CRWV Daily ETF has a 52-week low of $7.96 and a 52-week high of $138.80.
The 2x Long CRWV Daily ETF (NASDAQ:CRWG) is an exchange-traded fund designed to provide approximately twice the daily performance of CoreWeave, Inc (NASDAQ:CRWV), before fees and expenses. CoreWeave is a cloud infrastructure provider focused on graphics processing unit (GPU)-accelerated computing, artificial intelligence, machine learning, and other demanding workloads.
Rather than investing primarily in CoreWeave shares for long-term ownership, the fund generally seeks its investment objective through derivatives and other financial instruments that provide leveraged exposure to the underlying stock.
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