| Weekly Closed-End Fund Roundup: CUBA Jumping On CLO Bandwagon (April 13, 2025) |
10 out of 22 CEF sectors were positive on price and 5 out of 22 sectors were positive on NAV last week. Herzfeld Caribbean Basin Fund is jumping on the CLO bandwagon. CLM/CRF announces a rights offering. |
seekingalpha.com |
2025-04-23 16:47:53 |
Czytaj oryginał (ang.) |
| Destiny Tech100 Inc. Reports Fourth Quarter 2024 Results |
NEW YORK--(BUSINESS WIRE)--Destiny Tech100 Inc. (NYSE: DXYZ) recently announced financial results for the quarter ended December 31, 2024. The fund reported a net asset value (NAV) of $6.44 per share of common stock, an increase from $5.32 per share at the end of the third quarter. As of December 31, 2024, Destiny Tech100's investment portfolio had an aggregate fair value of approximately $70.9 million, including short-term investments. The fund maintains positions in a variety of privately-hel. |
businesswire.com |
2025-04-04 20:00:00 |
Czytaj oryginał (ang.) |
| Very Bad News For Closed-End Funds |
Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide diverse exposure across equity and fixed-income portfolios, and they even offer exposure to hybrid portfolios, but also allowing for sector-specific exposure. One important note is that not all premiums or discounts indicate a buying or selling opportunity; instead, it can make more sense to examine relative value over historical periods. |
seekingalpha.com |
2025-02-24 09:31:08 |
Czytaj oryginał (ang.) |
| Don't Overpay For SpaceX |
SpaceX's recent achievements highlight a new era of innovation, making it a compelling investment but caution against overpaying is crucial. I sold my stake in Destiny due to its indefensible premium; recommend others do the same and reinvest wisely. For SpaceX exposure, consider ERShares Private-Public Crossover ETF, which offers better value and allocation compared to Destiny. |
seekingalpha.com |
2025-02-03 02:01:44 |
Czytaj oryginał (ang.) |
| Closed-End Funds: Screening For Potential Opportunites To Kick Off Q1 2025 |
The closed-end fund space saw a significant narrowing of discounts throughout 2024 as equity markets charged higher and now discounts remain tight heading into 2025. In particular, equity CEFs have seen significantly narrowed discounts along with taxable fixed-income, though municipal bond funds look relatively attractive after widening discounts in December. We are screening for funds with the deepest discounts and widest z-scores to find potential buys and funds that may be getting a bit pricey as sell candidates. |
seekingalpha.com |
2025-01-13 17:59:32 |
Czytaj oryginał (ang.) |
| Destiny Tech 100: From The Dark Side To The Absurd |
On September 11, 2024, I referred to Destiny Tech 100 as the Dark Side of Investment Democratization. More power to more investors is great for many, but that creates more opportunities to do more damage to more portfolios—DXYZ is now priced dangerously high. Since then, DXYZ has gotten dicier: The collective auras of Donald Trump, Elon Musk and SpaceX drove the stock to the point of violating basic mathematics. |
seekingalpha.com |
2024-12-17 03:06:29 |
Czytaj oryginał (ang.) |
| SpaceX Is the Hottest Stock to Own. Here's How to Invest In This Private Company |
Investors seeking to benefit from Elon Musk's ties to Donald Trump post-election face limited options. |
247wallst.com |
2024-12-04 13:25:33 |
Czytaj oryginał (ang.) |
| Destiny Tech100 Inc. Reports Third Quarter 2024 Results |
NEW YORK--(BUSINESS WIRE)--Destiny Tech100 Inc. (NYSE: DXYZ) today announced financial results for the quarter ended September 30, 2024. The fund reported a net asset value (NAV) of $5.32 per share of common stock, an increase from $5.15 per share at the end of the second quarter. As of September 30, 2024, Destiny Tech100's investment portfolio had an aggregate fair value of approximately $58.2 million, including short-term investments. The fund maintains positions in a variety of privately-hel. |
businesswire.com |
2024-11-26 19:30:00 |
Czytaj oryginał (ang.) |
| The Ultimate Trump Trade ETF Worth Buying in November |
A Donald Trump rally in the stock market is becoming evident, with a number of top companies tied to the likes of Elon Musk (and other CEOs who have supported Trump, or in sectors the re-elected president is likely to support) surging over the course of the past week. |
247wallst.com |
2024-11-22 15:48:18 |
Czytaj oryginał (ang.) |
| SpaceX Stock: The Destiny Tech100 ETF Could Surge 100% Over the Next Year |
Donald Trump's recent election victory has sparked a stock market surge, with most major risk assets rising as investors look to take advantage of what can only be described as a wave of euphoria hitting the tape. |
247wallst.com |
2024-11-20 11:29:17 |
Czytaj oryginał (ang.) |
| This Stock Is Up 303% Since Trump's Election: Did You Already Miss The Year's Best Investment? |
Donald Trump's election win last week ignited a match under the stock market, sending the S&P 500 above the 6,000-point level for the first time ever. |
247wallst.com |
2024-11-12 15:08:49 |
Czytaj oryginał (ang.) |
| The Best Way To Invest in SpaceX Is With DXYZ Stock |
Investors looking for ways to profit from Elon Musk's close relationship with Donald Trump after his election seemingly have few ways of doing so. |
247wallst.com |
2024-11-11 13:00:19 |
Czytaj oryginał (ang.) |
| Is Destiny Tech100 Headed for New All-Time Highs During a Trump Presidency? |
Following Donald Trump's election victory, major indices like the Dow Jones and S&P 500 reached record highs. |
247wallst.com |
2024-11-09 13:13:25 |
Czytaj oryginał (ang.) |
| Destiny Tech100 And The Dark Side Of Investment Democratization |
Destiny Tech100 sounds glamorous |
seekingalpha.com |
2024-09-11 15:16:56 |
Czytaj oryginał (ang.) |
| Destiny Tech100 Inc. Reports Second Quarter 2024 Results |
NEW YORK--(BUSINESS WIRE)--Destiny Tech100 Inc. (NYSE: DXYZ) today announced financial results for the quarter ended June 30, 2024. The fund reported a net asset value (NAV) of $5.15 per share of common stock, an increase from $5.07 per share at the end of the first quarter. As of June 30, 2024, Destiny Tech100's investment portfolio had an aggregate fair value of approximately $56.4 million, including short-term investments. The fund maintains positions in a variety of privately-held technolog. |
businesswire.com |
2024-08-30 21:00:00 |
Czytaj oryginał (ang.) |
| Destiny Tech100 Inc. Announces First Quarter 2024 Net Asset Value |
NEW YORK--(BUSINESS WIRE)--Destiny Tech100 Inc. (NYSE: DXYZ) today reported that its net asset value (“NAV”) for the quarter ended March 31, 2024 totaled $5.07 per share of common stock, as compared to $4.84 per share as of December 31, 2023. As of March 31, 2024, Destiny Tech100 held positions in 23 portfolio companies – all privately held – for an aggregate fair value of approximately $51.7M, excluding short-term treasuries. The fund did not make investments in any new companies between Janua. |
businesswire.com |
2024-05-24 21:00:00 |
Czytaj oryginał (ang.) |
| Elon Musk denies report SpaceX may make tender offer with $200 billion valuation |
Elon Musk has dismissed a report that his privately held SpaceX aerospace company is considering selling shares. |
marketwatch.com |
2024-05-24 08:34:00 |
Czytaj oryginał (ang.) |
| The Destiny Tech 100: What You Should Know Before Buying DXYZ Stock |
If you're a risk taker and into meme-tech stocks, Destiny Tech100 (NYSE: DXYZ ) is certainly an intriguing option to consider. This close-ended management investment, the DXYZ stock, operates as an ETF, holding what managers believe are the “top 100 high-growth tech companies. |
investorplace.com |
2024-05-20 10:00:00 |
Czytaj oryginał (ang.) |
| Destiny Tech100: Why I Wouldn't Touch DXYZ Stock With a 10-Foot Pole |
When my editors at InvestorPlace asked me to write about Destiny Tech100 (NYSE: DXYZ ), something about it seemed so familiar, but I couldn't put my finger on it. I had never heard of the closed-end fund until I received the assignment. |
investorplace.com |
2024-04-25 10:00:00 |
Czytaj oryginał (ang.) |
| Forget meme stocks and bitcoin. This fund investing in SpaceX and OpenAI may be the latest Wall Street mania. |
Animal spirits are again running wild on Wall Street, and some analysts hear echoes of past market excesses. |
marketwatch.com |
2024-04-12 17:04:00 |
Czytaj oryginał (ang.) |