Destiny Tech100 (NYSE:DXYZ) Stock Price Up 27% – Still a Buy?

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

Destiny Tech100 Stock Performance

The business’s 50-day simple moving average is $33.29 and its two-hundred day simple moving average is $30.08.

Hedge Funds Weigh In On Destiny Tech100

A number of hedge funds have recently made changes to their positions in DXYZ. Geneos Wealth Management Inc. lifted its stake in 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 purchasing an additional 332 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Destiny Tech100 by 131.4% in the 1st quarter. Royal Bank of Canada now owns 1,439 shares of the company’s stock valued at $38,000 after buying an additional 817 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of Destiny Tech100 in the 4th quarter valued at $28,000. CWM LLC purchased a new stake in shares of Destiny Tech100 in the 4th quarter valued at $37,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Destiny Tech100 in the 2nd quarter valued at $47,000.