Destiny Tech100 (NYSE:DXYZ) Stock Price Down 6.6% – Here’s Why

Destiny Tech100 Inc. (NYSE:DXYZ) shares fell 6.6% on Monday . The stock traded as low as $47.00 and last traded at $49.0560. 5,873,492 shares changed hands during trading, an increase of 126% from the average session volume of 2,594,412 shares. The stock had previously closed at $52.50.

Destiny Tech100 Trading Down 6.6%

The company’s 50-day simple moving average is $37.91 and its two-hundred day simple moving average is $31.71.

Institutional Investors Weigh In On Destiny Tech100

Several institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its holdings in Destiny Tech100 by 51.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 980 shares of the company’s stock worth $26,000 after purchasing an additional 332 shares in the last quarter. Sunbelt Securities Inc. bought a new position in Destiny Tech100 in the 4th quarter worth $28,000. CWM LLC bought a new position in Destiny Tech100 in the 4th quarter worth $37,000. Royal Bank of Canada raised its holdings in Destiny Tech100 by 131.4% in the 1st quarter. Royal Bank of Canada now owns 1,439 shares of the company’s stock worth $38,000 after purchasing an additional 817 shares in the last quarter. Finally, Clearstead Trust LLC bought a new position in Destiny Tech100 in the 4th quarter worth $42,000.