Destiny Tech100 (NYSE:DXYZ) Stock Price Down 10.1% – Should You Sell?

Destiny Tech100 Inc. (NYSE:DXYZ)’s share price dropped 10.1% during mid-day trading on Thursday . The stock traded as low as $29.00 and last traded at $29.2350. Approximately 1,563,195 shares traded hands during trading, an increase of 6% from the average daily volume of 1,472,459 shares. The stock had previously closed at $32.52.

Destiny Tech100 Price Performance

The company’s 50 day moving average is $29.99 and its 200 day moving average is $27.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hazlett Burt & Watson Inc. grew its stake in Destiny Tech100 by 44.4% during the second quarter. Hazlett Burt & Watson Inc. now owns 3,900 shares of the company’s stock worth $148,000 after purchasing an additional 1,200 shares during the period. Harbour Investments Inc. lifted its stake in Destiny Tech100 by 312.5% in the second quarter. Harbour Investments Inc. now owns 6,542 shares of the company’s stock valued at $249,000 after buying an additional 4,956 shares during the period. Total Clarity Wealth Management Inc. bought a new position in shares of Destiny Tech100 during the 4th quarter worth approximately $221,000. CWM LLC acquired a new stake in shares of Destiny Tech100 during the 4th quarter worth approximately $37,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Destiny Tech100 by 74.5% in the 4th quarter. Farther Finance Advisors LLC now owns 3,840 shares of the company’s stock valued at $118,000 after acquiring an additional 1,640 shares in the last quarter.