Destiny Tech100 (NYSE:DXYZ) Trading Down 11.9% – Time to Sell?

Destiny Tech100 Inc. (NYSE:DXYZ)’s share price dropped 11.9% during mid-day trading on Tuesday . The stock traded as low as $32.50 and last traded at $34.5740. Approximately 6,955,116 shares were traded during trading, an increase of 151% from the average daily volume of 2,773,735 shares. The stock had previously closed at $39.23.

Destiny Tech100 Stock Performance

The company’s 50-day simple moving average is $40.25 and its 200-day simple moving average is $32.78.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DXYZ. Jane Street Group LLC grew its position in Destiny Tech100 by 278.8% during the 4th quarter. Jane Street Group LLC now owns 377,545 shares of the company’s stock worth $11,564,000 after purchasing an additional 277,866 shares during the last quarter. Cetera Investment Advisers grew its position in Destiny Tech100 by 403.9% during the 1st quarter. Cetera Investment Advisers now owns 167,973 shares of the company’s stock worth $4,498,000 after purchasing an additional 134,638 shares during the last quarter. Kestra Advisory Services LLC grew its position in Destiny Tech100 by 157.8% during the 1st quarter. Kestra Advisory Services LLC now owns 140,185 shares of the company’s stock worth $3,754,000 after purchasing an additional 85,803 shares during the last quarter. AA Financial Advisors LLC purchased a new position in Destiny Tech100 during the 4th quarter worth $2,144,000. Finally, Virtu Financial LLC purchased a new position in Destiny Tech100 during the 4th quarter worth $743,000.