Destiny Tech100 (NYSE:DXYZ) Shares Down 3.6% – Here’s Why

Destiny Tech100 Inc. (NYSE:DXYZ)’s stock price fell 3.6% on Thursday . The company traded as low as $26.80 and last traded at $27.75. 2,927,836 shares changed hands during trading, a decline of 4% from the average session volume of 3,042,755 shares. The stock had previously closed at $28.79.

Destiny Tech100 Stock Performance

The company’s 50-day simple moving average is $40.49 and its 200-day simple moving average is $33.10.

Institutional Investors Weigh In On Destiny Tech100

Several hedge funds have recently made changes to their positions in DXYZ. Geneos Wealth Management Inc. increased its holdings in shares of Destiny Tech100 by 51.2% in the first quarter. Geneos Wealth Management Inc. now owns 980 shares of the company’s stock valued at $26,000 after purchasing an additional 332 shares during the period. Royal Bank of Canada lifted its holdings in shares of Destiny Tech100 by 131.4% during the first quarter. Royal Bank of Canada now owns 1,439 shares of the company’s stock worth $38,000 after purchasing an additional 817 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Destiny Tech100 by 120.0% during the first quarter. NewEdge Advisors LLC now owns 1,582 shares of the company’s stock worth $42,000 after purchasing an additional 863 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Destiny Tech100 during the fourth quarter worth $28,000. Finally, CWM LLC purchased a new position in Destiny Tech100 in the 4th quarter valued at $37,000.