Destiny Tech100 (NYSE:DXYZ) Shares Down 2.3% - Here's What Happened

Shares of Destiny Tech100 Inc. (NYSE:DXYZ - Get Free Report) traded down 2.3% during mid-day trading on Friday . The company traded as low as $39.00 and last traded at $39.32. 246,765 shares traded hands during trading, a decline of 64% from the average session volume of 687,656 shares. The stock had previously closed at $40.26.

Destiny Tech100 Stock Performance

The stock has a 50-day simple moving average of $38.20 and a 200-day simple moving average of $45.75.

Institutional Trading of Destiny Tech100

A number of institutional investors and hedge funds have recently bought and sold shares of DXYZ. IFP Advisors Inc lifted its position in Destiny Tech100 by 166.7% during the fourth quarter. IFP Advisors Inc now owns 800 shares of the company's stock valued at $47,000 after buying an additional 500 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in Destiny Tech100 during the 4th quarter worth $206,000. Kovack Advisors Inc. purchased a new stake in Destiny Tech100 during the 4th quarter worth $431,000. Quintet Private Bank Europe S.A. acquired a new stake in Destiny Tech100 in the 4th quarter valued at $618,000. Finally, One Capital Management LLC purchased a new position in Destiny Tech100 in the fourth quarter valued at about $496,000.