Two Well-Known CEFs: One Risky Bet, One High-Yielding Success at 9.9%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 24 2025
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Source: NASDAQ.COM
Investing vs. Gambling: The article emphasizes the distinction between investing and gambling, highlighting that while gambling leads to losses, prudent investing focuses on long-term wealth creation and income generation, as exemplified by the CEF Insider service's portfolio yielding nearly 10%.
Destiny Tech100 (DXYZ) Warning: The author warns against the closed-end fund Destiny Tech100 (DXYZ), which has plummeted 63% this year and trades at a significant premium to its net asset value, making it a risky investment filled with speculative private equity.
BlackRock Technology and Private Equity Term Trust (BTX): In contrast, the BlackRock Technology and Private Equity Term Trust (BTX) is presented as a more reliable investment, offering a 9.9% dividend and focusing on publicly traded tech stocks, despite recent adjustments to its payout.
Opportunity in CEFs: The article concludes by suggesting that now is an opportune time to invest in undervalued closed-end funds (CEFs) yielding over 8%, as they are currently overlooked and could provide significant returns as market conditions improve.
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Analyst Views on BTX
Wall Street analysts forecast BTX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 6.830
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About BTX
BlackRock Innovation and Growth Term Trust (the Trust) is a closed-end management investment company. The Trust’s investment objective is to provide total return and income through a combination of current income, current gains and long-term capital appreciation. The Trust will invest primarily in equity securities issued by mid- and small-capitalization companies. The Trust utilizes an option writing (selling) strategy in an effort to generate current gains from options premiums and to enhance the Trust’s risk-adjusted returns. The Trust invests in sectors, which include software and services, capital goods, other, consumer services, financial services, media and entertainment, autos and components, consumer discretionary, and transportation. The Trust’s investment adviser is BlackRock Advisors, LLC (adviser).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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