Destiny Tech100 (NYSE:DXYZ) Stock Price Down 3.7% – Time to Sell?

Destiny Tech100 Inc. (NYSE:DXYZ) dropped 3.7% during trading on Monday . The stock traded as low as $26.27 and last traded at $27.0540. Approximately 944,566 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 1,275,901 shares. The stock had previously closed at $28.10.

Destiny Tech100 Stock Performance

The firm’s 50 day moving average price is $30.60 and its two-hundred day moving average price is $27.73.

Institutional Investors Weigh In On Destiny Tech100

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its stake in shares of 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 buying an additional 277,866 shares during the last quarter. AA Financial Advisors LLC bought a new stake in Destiny Tech100 during the fourth quarter worth about $2,144,000. Cetera Investment Advisers acquired a new position in Destiny Tech100 during the fourth quarter valued at approximately $1,021,000. Virtu Financial LLC bought a new position in Destiny Tech100 in the fourth quarter valued at approximately $743,000. Finally, Kestra Advisory Services LLC grew its stake in Destiny Tech100 by 56.1% in the fourth quarter. Kestra Advisory Services LLC now owns 54,382 shares of the company’s stock valued at $1,666,000 after purchasing an additional 19,551 shares in the last quarter.