Destiny Tech100 (NYSE:DXYZ) Stock Price Down 6.6% – Here’s Why

Destiny Tech100 Inc. (NYSE:DXYZ) traded down 6.6% during mid-day trading on Monday . The stock traded as low as $47.00 and last traded at $49.0560. 5,873,492 shares changed hands during mid-day trading, an increase of 126% from the average session volume of 2,594,412 shares. The stock had previously closed at $52.50.

Destiny Tech100 Price Performance

The firm’s 50-day moving average price is $37.91 and its 200-day moving average price is $31.71.

Hedge Funds Weigh In On Destiny Tech100

A number of hedge funds and other institutional investors have recently bought and sold shares of DXYZ. Geneos Wealth Management Inc. boosted its stake in shares of Destiny Tech100 by 51.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 980 shares of the company’s stock valued at $26,000 after purchasing an additional 332 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Destiny Tech100 by 131.4% in the 1st quarter. Royal Bank of Canada now owns 1,439 shares of the company’s stock valued at $38,000 after purchasing an additional 817 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Destiny Tech100 in the 4th quarter valued at $28,000. CWM LLC purchased a new stake in shares of Destiny Tech100 in the 4th quarter valued at $37,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Destiny Tech100 in the 2nd quarter valued at $47,000.