Destiny Tech100 (NYSE:DXYZ) Trading Down 2.6% – Time to Sell?

Shares of Destiny Tech100 Inc. (NYSE:DXYZ) were down 2.6% on Monday . The stock traded as low as $28.93 and last traded at $29.2260. Approximately 1,277,308 shares changed hands during trading, a decline of 19% from the average daily volume of 1,570,563 shares. The stock had previously closed at $30.00.

Destiny Tech100 Price Performance

The stock has a 50 day simple moving average of $27.85 and a 200 day simple moving average of $27.84.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Kestra Private Wealth Services LLC bought a new stake in Destiny Tech100 during the 1st quarter valued at $645,000. Total Clarity Wealth Management Inc. increased its position in shares of Destiny Tech100 by 180.1% in the first quarter. Total Clarity Wealth Management Inc. now owns 20,252 shares of the company’s stock valued at $542,000 after acquiring an additional 13,022 shares during the period. Gibson Capital LLC bought a new position in shares of Destiny Tech100 during the first quarter valued at about $268,000. Nations Financial Group Inc. IA ADV bought a new position in shares of Destiny Tech100 during the first quarter valued at about $376,000. Finally, Virtu Financial LLC purchased a new stake in shares of Destiny Tech100 during the fourth quarter worth about $743,000.