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

Destiny Tech100 Inc. (NYSE:DXYZ) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 1,130,000 shares, a decrease of 12.4% from the February 28th total of 1,290,000 shares. Currently, 10.4% of the company’s stock are short sold. Based on an average daily volume of 912,500 shares, the days-to-cover ratio is presently 1.2 days.

Destiny Tech100 Price Performance

Shares of Destiny Tech100 stock opened at $37.28 on Wednesday. Destiny Tech100 has a 12 month low of $9.00 and a 12 month high of $105.00. The business has a fifty day simple moving average of $44.84 and a two-hundred day simple moving average of $38.81.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DXYZ. Barclays PLC increased its stake in shares of 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 stake in shares of Destiny Tech100 in the 4th quarter worth approximately $29,000. IFP Advisors Inc grew its stake in shares of 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 last quarter. Sandy Spring Bank bought a new position in Destiny Tech100 during the 4th quarter valued at approximately $36,000. Finally, Virtu Financial LLC raised its stake 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 buying an additional 684 shares during the last quarter.