Destiny Tech100 Inc. (NYSE:DXYZ) Sees Large Drop in Short Interest

Destiny Tech100 Inc. (NYSE:DXYZ) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 761,600 shares, a drop of 7.4% from the January 15th total of 822,800 shares. Based on an average daily volume of 2,933,400 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Destiny Tech100

Hedge funds have recently modified their holdings of the business. Barclays PLC lifted its holdings in Destiny Tech100 by 19.1% during the fourth quarter. Barclays PLC now owns 1,248 shares of the company’s stock valued at $73,000 after purchasing an additional 200 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of Destiny Tech100 during the 4th quarter valued at $29,000. IFP Advisors Inc boosted its holdings in Destiny Tech100 by 166.7% in the 4th quarter. IFP Advisors Inc now owns 800 shares of the company’s stock worth $47,000 after buying an additional 500 shares during the period. Sandy Spring Bank purchased a new stake in Destiny Tech100 in the 4th quarter worth $36,000. Finally, Virtu Financial LLC raised its holdings in Destiny Tech100 by 6.3% during the fourth quarter. Virtu Financial LLC now owns 11,503 shares of the company’s stock valued at $677,000 after acquiring an additional 684 shares during the period.

Destiny Tech100 Price Performance

DXYZ traded down $0.44 during midday trading on Monday, hitting $50.56. 467,534 shares of the company traded hands, compared to its average volume of 996,339. The company’s 50-day moving average is $59.02 and its 200 day moving average is $32.55. Destiny Tech100 has a 52 week low of $8.25 and a 52 week high of $105.00.