Destiny Tech100 (NYSE:DXYZ) Trading Up 19.6% – Here’s Why

Destiny Tech100 Inc. (NYSE:DXYZ) shot up 19.6% during mid-day trading on Wednesday . The stock traded as high as $35.61 and last traded at $35.4520. 3,338,198 shares traded hands during mid-day trading, an increase of 155% from the average session volume of 1,307,767 shares. The stock had previously closed at $29.64.

Destiny Tech100 Stock Performance

The company’s fifty day simple moving average is $28.58 and its two-hundred day simple moving average is $27.89.

Hedge Funds Weigh In On Destiny Tech100

A number of hedge funds have recently added to or reduced their stakes in DXYZ. AA Financial Advisors LLC purchased a new stake in shares of Destiny Tech100 in the fourth quarter worth approximately $2,144,000. 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. Private Advisor Group LLC raised its position in Destiny Tech100 by 40.5% in the 3rd quarter. Private Advisor Group LLC now owns 15,204 shares of the company’s stock valued at $324,000 after buying an additional 4,384 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Destiny Tech100 during the 4th quarter valued at $391,000. Finally, Genesis Financial Group LLC purchased a new position in Destiny Tech100 during the 4th quarter worth $306,000.