Destiny Tech100 (NYSE:DXYZ) Stock Price Up 27% – Here’s What Happened

Destiny Tech100 Inc. (NYSE:DXYZ) rose 27% during trading on Thursday . The company traded as high as $62.00 and last traded at $61.7340. Approximately 9,953,343 shares changed hands during trading, an increase of 337% from the average daily volume of 2,277,896 shares. The stock had previously closed at $48.60.

Destiny Tech100 Stock Up 6.8%

The firm’s 50 day moving average price is $34.80 and its two-hundred day moving average price is $30.57.

Hedge Funds Weigh In On Destiny Tech100

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DXYZ. Geneos Wealth Management Inc. increased its position in shares of Destiny Tech100 by 51.2% during the first quarter. Geneos Wealth Management Inc. now owns 980 shares of the company’s stock worth $26,000 after acquiring an additional 332 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in Destiny Tech100 in the fourth quarter valued at about $28,000. CWM LLC acquired a new stake in Destiny Tech100 during the 4th quarter valued at approximately $37,000. Royal Bank of Canada grew its stake in Destiny Tech100 by 131.4% during the 1st quarter. Royal Bank of Canada now owns 1,439 shares of the company’s stock valued at $38,000 after purchasing an additional 817 shares in the last quarter. Finally, Clearstead Trust LLC purchased a new stake in Destiny Tech100 during the 4th quarter worth approximately $42,000.