Destiny Tech100 (NYSE:DXYZ) Stock Price Down 2% – Here’s Why

Destiny Tech100 Inc. (NYSE:DXYZ) was down 2% on Friday . The stock traded as low as $27.72 and last traded at $28.0230. Approximately 726,355 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 1,285,559 shares. The stock had previously closed at $28.60.

Destiny Tech100 Stock Down 2.0%

The company’s 50 day simple moving average is $30.80 and its 200 day simple moving average is $27.78.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Clearstead Trust LLC bought a new stake in Destiny Tech100 during the 4th quarter worth about $42,000. Creative Financial Designs Inc. ADV increased its position in shares of Destiny Tech100 by 30.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 6,827 shares of the company’s stock valued at $209,000 after acquiring an additional 1,574 shares during the last quarter. Griffin Asset Management Inc. bought a new stake in Destiny Tech100 during the fourth quarter worth about $208,000. CWM LLC acquired a new position in Destiny Tech100 during the fourth quarter valued at approximately $37,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Destiny Tech100 by 74.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,840 shares of the company’s stock valued at $118,000 after buying an additional 1,640 shares in the last quarter.