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

Destiny Tech100 Inc. (NYSE:DXYZ - Get Free Report) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 822,800 shares, an increase of 25.7% from the December 31st total of 654,400 shares. Based on an average trading volume of 2,841,400 shares, the days-to-cover ratio is presently 0.3 days.

Destiny Tech100 Stock Performance

DXYZ stock traded down $2.13 during mid-day trading on Wednesday, reaching $51.33. 563,632 shares of the company's stock were exchanged, compared to its average volume of 1,102,064. The stock's 50 day moving average is $58.35 and its 200 day moving average is $30.43. Destiny Tech100 has a 12-month low of $8.25 and a 12-month high of $105.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DXYZ. Evanson Asset Management LLC acquired a new stake in shares of Destiny Tech100 in the third quarter valued at about $187,000. Atomi Financial Group Inc. grew its stake in Destiny Tech100 by 75.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 18,000 shares of the company's stock valued at $179,000 after purchasing an additional 7,750 shares in the last quarter. Verity Asset Management Inc. acquired a new stake in shares of Destiny Tech100 during the 3rd quarter valued at approximately $149,000. Walkner Condon Financial Advisors LLC acquired a new stake in Destiny Tech100 in the fourth quarter worth $736,000. Finally, Virtu Financial LLC acquired a new position in shares of Destiny Tech100 during the third quarter valued at $108,000.