Shares of Destiny Tech100 Inc. (NYSE:DXYZ - Get Free Report) traded down 10.7% on Wednesday . The stock traded as low as $31.49 and last traded at $34.48. 4,118,645 shares were traded during trading, an increase of 521% from the average session volume of 663,755 shares. The stock had previously closed at $38.61.
Destiny Tech100 Price Performance
The company's fifty day moving average is $39.74 and its 200 day moving average is $41.90.
Insider Buying and Selling
In related news, CEO Sohail Prasad sold 380,000 shares of Destiny Tech100 stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $34.14, for a total transaction of $12,973,200.00. Following the sale, the chief executive officer directly owned 702,065 shares in the company, valued at $23,968,499.10. The trade was a 35.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.29% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Destiny Tech100
Several institutional investors and hedge funds have recently bought and sold shares of DXYZ. Barclays PLC lifted its holdings in shares of Destiny Tech100 by 19.1% during the fourth quarter. Barclays PLC now owns 1,248 shares of the company's stock worth $73,000 after buying an additional 200 shares during the last quarter. Sandy Spring Bank acquired a new position in shares of Destiny Tech100 in the fourth quarter valued at $36,000. Virtu Financial LLC raised its stake in shares of Destiny Tech100 by 6.3% in the fourth quarter. Virtu Financial LLC now owns 11,503 shares of the company's stock valued at $677,000 after purchasing an additional 684 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Destiny Tech100 by 4.0% in the first quarter. Cetera Investment Advisers now owns 20,965 shares of the company's stock valued at $742,000 after purchasing an additional 808 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Destiny Tech100 in the fourth quarter valued at $52,000.
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