To my knowledge, no (at least not with normal hyperlinks). If you want the link to refer to a specific slide number, instead of a specific slide, then you will need to relink yourself after shifting the slide(s). The only links that will not be linked to a specific slide are 'First Slide', 'Last Slide', 'Next Slide' and 'Previous Slide'

This is the generally desired result, as any link would normally be expected to relate to the content on the specific slide, regardless of it's position in the presentation, so PowerPoint retains the link to the same content when it is repositioned (and if it didn't, it would be a nightmare when a change needed to be made to a large document). The only way I can see that would work would be to use a VBA Macro for your hyperlink.