Short Interest in Destiny Tech100 Inc. (NYSE:DXYZ) Drops By 43.5%

Destiny Tech100 Inc. (NYSE:DXYZ) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,224,430 shares, a decrease of 43.5% from the June 15th total of 2,165,513 shares. Based on an average daily trading volume, of 2,610,330 shares, the short-interest ratio is currently 0.5 days. Currently, 11.3% of the shares of the company are sold short.

Destiny Tech100 Stock Up 2.2%

Destiny Tech100 stock traded up $0.59 during trading hours on Thursday, hitting $27.12. The company had a trading volume of 1,233,768 shares, compared to its average volume of 2,822,444. The firm has a 50-day moving average of $38.32 and a 200 day moving average of $32.58. Destiny Tech100 has a one year low of $19.71 and a one year high of $72.87.

Institutional Trading of Destiny Tech100

Several hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its holdings in Destiny Tech100 by 51.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 980 shares of the company’s stock valued at $26,000 after buying an additional 332 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Destiny Tech100 in the fourth quarter valued at about $28,000. CWM LLC bought a new position in Destiny Tech100 during the fourth quarter worth about $37,000. Royal Bank of Canada increased its position in Destiny Tech100 by 131.4% during the first quarter. Royal Bank of Canada now owns 1,439 shares of the company’s stock worth $38,000 after acquiring an additional 817 shares during the period. Finally, Clearstead Trust LLC bought a new position in Destiny Tech100 during the fourth quarter worth about $42,000.

Destiny Tech100 is an investment company that focuses on providing exposure to a portfolio of high-growth technology businesses. The company’s strategy is centered on identifying innovative private and public technology-related companies that it believes have significant long-term potential.

As a specialty investment vehicle, Destiny Tech100 is designed for investors seeking access to the technology sector through a diversified approach rather than through a single operating business.