Destiny Tech100 (NYSE:DXYZ) Stock Price Down 12.1% – Here’s What Happened

Destiny Tech100 Inc. (NYSE:DXYZGet Free Report) shares were down 12.1% on Wednesday . The stock traded as low as $52.60 and last traded at $52.9020. Approximately 7,037,686 shares were traded during mid-day trading, an increase of 180% from the average daily volume of 2,517,195 shares. The stock had previously closed at $60.21.

Destiny Tech100 Stock Performance

The company’s 50-day simple moving average is $37.38 and its 200 day simple moving average is $31.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DXYZ. Genesis Financial Group LLC lifted its stake in Destiny Tech100 by 50.0% in the first quarter. Genesis Financial Group LLC now owns 15,000 shares of the company’s stock worth $402,000 after purchasing an additional 5,000 shares during the last quarter. Royal Bank of Canada increased its stake 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 buying an additional 817 shares during the period. Cetera Investment Advisers increased its stake in Destiny Tech100 by 403.9% in the 1st quarter. Cetera Investment Advisers now owns 167,973 shares of the company’s stock worth $4,498,000 after buying an additional 134,638 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Destiny Tech100 by 36.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,962 shares of the company’s stock valued at $186,000 after buying an additional 1,870 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Destiny Tech100 by 51.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 980 shares of the company’s stock valued at $26,000 after buying an additional 332 shares during the period.

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