Destiny Tech100 Inc. (NYSE:DXYZ) Short Interest Update

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

Hedge Funds Weigh In On Destiny Tech100

A number of large investors have recently modified their holdings of DXYZ. Geneos Wealth Management Inc. boosted its stake in shares of Destiny Tech100 by 51.2% in the first 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 stake in Destiny Tech100 in the fourth quarter valued at $28,000. CWM LLC acquired a new stake in Destiny Tech100 in the fourth quarter valued at $37,000. Royal Bank of Canada boosted its position in shares of Destiny Tech100 by 131.4% during the 1st quarter. Royal Bank of Canada now owns 1,439 shares of the company’s stock worth $38,000 after purchasing an additional 817 shares in the last quarter. Finally, Clearstead Trust LLC purchased a new stake in shares of Destiny Tech100 during the 4th quarter worth $42,000.

Destiny Tech100 Stock Performance

DXYZ stock traded down $1.20 during trading on Friday, hitting $25.95. The company had a trading volume of 808,504 shares, compared to its average volume of 2,807,783. Destiny Tech100 has a 1-year low of $19.71 and a 1-year high of $72.87. The firm has a 50-day moving average price of $37.74 and a 200-day moving average price of $32.53.

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.