Destiny Tech100 (NYSE:DXYZ) Trading Up 4.6% – Should You Buy?

Destiny Tech100 Inc. (NYSE:DXYZ) shares shot up 4.6% during mid-day trading on Monday . The company traded as high as $33.62 and last traded at $32.6760. 2,152,910 shares traded hands during mid-day trading, an increase of 190% from the average session volume of 742,002 shares. The stock had previously closed at $31.23.

Destiny Tech100 Stock Performance

The stock’s 50 day simple moving average is $25.67 and its 200 day simple moving average is $29.50.

Hedge Funds Weigh In On Destiny Tech100

Several large investors have recently added to or reduced their stakes in DXYZ. Aristides Capital LLC acquired a new position in Destiny Tech100 during the 1st quarter valued at about $1,003,000. Invesco Ltd. raised its stake in shares of Destiny Tech100 by 84.9% in the first quarter. Invesco Ltd. now owns 19,846 shares of the company’s stock worth $702,000 after purchasing an additional 9,114 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of Destiny Tech100 by 44.4% in the second quarter. Hazlett Burt & Watson Inc. now owns 3,900 shares of the company’s stock valued at $148,000 after purchasing an additional 1,200 shares in the last quarter. Harbour Investments Inc. boosted its position in shares of Destiny Tech100 by 312.5% during the second quarter. Harbour Investments Inc. now owns 6,542 shares of the company’s stock valued at $249,000 after buying an additional 4,956 shares during the last quarter. Finally, UBS Group AG grew its holdings in Destiny Tech100 by 45.3% during the third quarter. UBS Group AG now owns 29,639 shares of the company’s stock worth $631,000 after buying an additional 9,241 shares in the last quarter.