Destiny Tech100 (NYSE:DXYZ) Shares Up 7.9% – Still a Buy?

Destiny Tech100 Inc. (NYSE:DXYZ)’s stock price shot up 7.9% during trading on Thursday . The stock traded as high as $44.60 and last traded at $43.6250. 5,690,028 shares changed hands during mid-day trading, an increase of 112% from the average session volume of 2,684,039 shares. The stock had previously closed at $40.43.

Destiny Tech100 Stock Performance

The stock has a 50 day simple moving average of $39.74 and a 200 day simple moving average of $32.39.

Hedge Funds Weigh In On Destiny Tech100

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cresset Asset Management LLC acquired a new stake in Destiny Tech100 in the second quarter valued at approximately $221,000. Raymond James Financial Inc. acquired a new position in shares of Destiny Tech100 during the second quarter worth $47,000. Visionary Wealth Advisors acquired a new position in shares of Destiny Tech100 during the second quarter worth $239,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Destiny Tech100 in the third quarter valued at $112,000. Finally, Private Advisor Group LLC boosted its stake in shares of Destiny Tech100 by 40.5% in the third quarter. Private Advisor Group LLC now owns 15,204 shares of the company’s stock valued at $324,000 after purchasing an additional 4,384 shares during the period.