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

Shares of Destiny Tech100 Inc. (NYSE:DXYZ) traded down 11.9% during trading on Tuesday . The company traded as low as $32.50 and last traded at $34.5740. 6,955,116 shares traded hands during trading, an increase of 151% from the average session volume of 2,773,735 shares. The stock had previously closed at $39.23.

Destiny Tech100 Stock Performance

The stock’s 50 day simple moving average is $39.93 and its 200 day simple moving average is $32.59.

Institutional Trading of Destiny Tech100

Several institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in shares of 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 acquiring an additional 332 shares in the last quarter. Royal Bank of Canada grew its stake in shares of 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 acquiring an additional 817 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Destiny Tech100 by 120.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,582 shares of the company’s stock worth $42,000 after acquiring an additional 863 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Destiny Tech100 in the 4th quarter worth $28,000. Finally, CWM LLC bought a new stake in shares of Destiny Tech100 in the 4th quarter worth $37,000.