Destiny Tech100 (NYSE:DXYZ) Trading Down 6.3% – What’s Next?

Destiny Tech100 Inc. (NYSE:DXYZ) dropped 6.3% on Monday . The stock traded as low as $38.88 and last traded at $39.1550. Approximately 4,313,766 shares changed hands during mid-day trading, an increase of 58% from the average daily volume of 2,734,024 shares. The stock had previously closed at $41.79.

Destiny Tech100 Price Performance

The company’s 50-day moving average is $39.74 and its two-hundred day moving average is $32.46.

Hedge Funds Weigh In On Destiny Tech100

Several hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its position in shares of Destiny Tech100 by 51.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 980 shares of the company’s stock worth $26,000 after buying an additional 332 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Destiny Tech100 by 131.4% during 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 in the last quarter. NewEdge Advisors LLC lifted its position in shares of Destiny Tech100 by 120.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,582 shares of the company’s stock worth $42,000 after buying an additional 863 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of Destiny Tech100 during the 4th quarter worth approximately $28,000. Finally, CWM LLC bought a new position in shares of Destiny Tech100 during the 4th quarter worth approximately $37,000.