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

Destiny Tech100 Inc. (NYSE:DXYZ) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 1,492,410 shares, a decrease of 49.5% from the April 30th total of 2,955,758 shares. Based on an average daily volume of 6,097,924 shares, the days-to-cover ratio is presently 0.2 days. Currently, 13.7% of the shares of the stock are sold short.

Institutional Trading of Destiny Tech100

Institutional investors and hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in shares of Destiny Tech100 by 51.2% during 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. purchased a new position in Destiny Tech100 in the 4th quarter worth $28,000. CWM LLC purchased a new position in Destiny Tech100 in the 4th quarter worth $37,000. Royal Bank of Canada raised its position in Destiny Tech100 by 131.4% in 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 during the period. Finally, Clearstead Trust LLC purchased a new position in Destiny Tech100 in the 4th quarter worth $42,000.

Destiny Tech100 Stock Performance

NYSE DXYZ traded down $3.44 on Monday, hitting $49.06. The stock had a trading volume of 5,906,763 shares, compared to its average volume of 2,594,743. Destiny Tech100 has a 52-week low of $19.71 and a 52-week high of $72.87. The firm has a 50-day moving average of $37.91 and a 200-day moving average of $31.71.