2x Long CRWV Daily ETF (NASDAQ:CRWG – Get Free Report) was the target of some unusual options trading activity on Friday. Stock traders bought 2,242 call options on the stock. This is an increase of 86% compared to the average daily volume of 1,203 call options.
2x Long CRWV Daily ETF Stock Performance
Shares of NASDAQ:CRWG traded down $2.63 during trading on Friday, reaching $8.36. The stock had a trading volume of 13,355,179 shares, compared to its average volume of 2,233,242. 2x Long CRWV Daily ETF has a one year low of $7.90 and a one year 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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