Destra Multi-Alternative Fund (NYSE:DMA) Sees Large Growth in Short Interest

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 17,808 shares, a growth of 265.4% from the July 30th total of 4,873 shares. Based on an average daily volume of 19,327 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Destra Multi-Alternative Fund

A number of hedge funds have recently made changes to their positions in the stock. Altium Capital Management LLC raised its holdings in Destra Multi-Alternative Fund by 122.8% in the first quarter. Altium Capital Management LLC now owns 54,723 shares of the company’s stock valued at $444,000 after acquiring an additional 30,164 shares in the last quarter. Absolute Investment Advisers LLC grew its holdings in Destra Multi-Alternative Fund by 5.0% during the 1st quarter. Absolute Investment Advisers LLC now owns 273,696 shares of the company’s stock worth $2,220,000 after acquiring an additional 13,117 shares in the last quarter. Alpine Global Management LLC grew its holdings in Destra Multi-Alternative Fund by 19.4% during the 4th quarter. Alpine Global Management LLC now owns 37,074 shares of the company’s stock worth $333,000 after acquiring an additional 6,018 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of Destra Multi-Alternative Fund by 22.9% in the 4th quarter. IHT Wealth Management LLC now owns 71,858 shares of the company’s stock worth $645,000 after purchasing an additional 13,407 shares during the last quarter. Finally, Evolve Private Wealth LLC bought a new stake in shares of Destra Multi-Alternative Fund in the 4th quarter worth about $461,000.

Destra Multi-Alternative Fund Price Performance

DMA stock remained flat at $7.60 during midday trading on Friday. The company’s stock had a trading volume of 8,170 shares, compared to its average volume of 26,858. Destra Multi-Alternative Fund has a 52 week low of $6.94 and a 52 week high of $9.15. The business has a 50-day moving average of $7.60 and a 200 day moving average of $7.78.

Destra Multi-Alternative Fund Company Profile

Destra Multi-Alternative Fund Inc (NYSE: DMA) is a closed-end, diversified management investment company that employs a multi-alternative strategy to deliver income and total return. The fund seeks to achieve its objectives by allocating assets among a variety of alternative income-producing investments, including closed-end funds, business development companies (BDCs), real estate investment trusts (REITs), master limited partnerships (MLPs) and preferred securities. This blend of assets is intended to provide a level of diversification and potential for regular distributions.

The fund’s investment approach combines fundamental research with active portfolio management, targeting securities with attractive yield characteristics and growth potential.