2x Long CRWV Daily ETF Sees Unusually Large Options Volume (NASDAQ:CRWG)

2x Long CRWV Daily ETF (NASDAQ:CRWG) was the target of unusually large options trading activity on Monday. Investors purchased 2,108 put options on the company. This represents an increase of 65% compared to the typical daily volume of 1,275 put options.

2x Long CRWV Daily ETF Stock Performance

Shares of CRWG traded up $0.33 during mid-day trading on Monday, reaching $8.69. 6,312,899 shares of the company’s stock were exchanged, compared to its average volume of 2,250,658. 2x Long CRWV Daily ETF has a 52-week low of $7.90 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.