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

Destiny Tech100 Inc. (NYSE:DXYZ)’s stock price shot up 7.9% during mid-day trading on Thursday . The stock traded as high as $44.60 and last traded at $43.6250. 5,690,028 shares were traded 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 Price Performance

The firm’s 50-day moving average is $39.18 and its 200-day moving average is $32.18.

Institutional Investors Weigh In On Destiny Tech100

Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in Destiny Tech100 by 278.8% during the fourth quarter. Jane Street Group LLC now owns 377,545 shares of the company’s stock worth $11,564,000 after purchasing an additional 277,866 shares during the last quarter. Cetera Investment Advisers lifted its stake in Destiny Tech100 by 403.9% during the first quarter. Cetera Investment Advisers now owns 167,973 shares of the company’s stock worth $4,498,000 after purchasing an additional 134,638 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in Destiny Tech100 by 157.8% during the first quarter. Kestra Advisory Services LLC now owns 140,185 shares of the company’s stock worth $3,754,000 after purchasing an additional 85,803 shares during the last quarter. LPL Financial LLC lifted its stake in Destiny Tech100 by 5.3% during the fourth quarter. LPL Financial LLC now owns 71,993 shares of the company’s stock worth $2,205,000 after purchasing an additional 3,636 shares during the last quarter. Finally, AA Financial Advisors LLC bought a new stake in Destiny Tech100 during the fourth quarter worth about $2,144,000.