Destiny Tech100 (NYSE:DXYZ) Shares Down 13.3% – Should You Sell?

Destiny Tech100 Inc. (NYSE:DXYZ) shares dropped 13.3% during mid-day trading on Thursday . The stock traded as low as $42.50 and last traded at $45.2340. Approximately 6,641,915 shares traded hands during mid-day trading, an increase of 223% from the average daily volume of 2,057,369 shares. The stock had previously closed at $52.20.

Destiny Tech100 Stock Up 4.2%

The company has a 50 day moving average price of $31.88 and a 200-day moving average price of $29.53.

Institutional Investors Weigh In On Destiny Tech100

Hedge funds and other institutional investors have recently bought and sold shares of the company. AA Financial Advisors LLC bought a new position in Destiny Tech100 in the fourth quarter valued at about $2,144,000. Creative Financial Designs Inc. ADV bought a new position in Destiny Tech100 in the third quarter valued at about $112,000. Hazlett Burt & Watson Inc. raised its position in Destiny Tech100 by 119.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 8,540 shares of the company’s stock valued at $183,000 after purchasing an additional 4,640 shares during the last quarter. Gibson Capital LLC acquired a new position in shares of Destiny Tech100 in the first quarter valued at approximately $268,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Destiny Tech100 by 5,434.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,092 shares of the company’s stock valued at $156,000 after buying an additional 5,000 shares during the period.