Destiny Tech100 is trading 5.5% down at $26.15 amid ongoing worries regarding its large at-the-market (ATM) stock sale program and premium-to-NAV volatility.
- Investors are concerned that expanded ATM issuance could significantly increase the share count, leading to potential dilution and weighing on near-term pricing.
- The stock remains volatile as traders reassess closed-end fund dynamics and the potential compression of the fund's premium to its net asset value (NAV).