The Destiny Tech100 Inc. ETF experienced significant price movement on December 18, 2024, driven by a confluence of factors affecting the technology sector. Notably, several tech stocks faced substantial declines, contributing to the ETF's performance. Companies like Monday.com and Viking Therapeutics saw their shares drop by 5.4% and 8.1%, respectively, amid broader market pressures. Additionally, the tech sector was impacted by negative sentiment surrounding digital payment platforms, as evidenced by Sezzle's 23.39% decline following a short position announcement by Hindenburg Research. These developments reflect a challenging environment for tech equities, with investors reacting to both company-specific news and broader market dynamics.
The Destiny Tech100 Inc. ETF closed at $61.81, marking an 11.41% decrease from the previous day's close of $69.77. However, it saw a slight recovery after market close, rising by 2.25% to a current price of $63.20.