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

Destra Multi-Alternative Fund (NYSE:DMA) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 34,422 shares, an increase of 532.9% from the May 14th total of 5,439 shares. Based on an average daily trading volume, of 40,611 shares, the short-interest ratio is presently 0.8 days.

Destra Multi-Alternative Fund Stock Performance

DMA traded up $0.02 on Thursday, reaching $7.44. 6,334 shares of the company traded hands, compared to its average volume of 30,583. The stock’s 50 day moving average price is $7.57 and its 200-day moving average price is $8.31. Destra Multi-Alternative Fund has a 52-week low of $6.94 and a 52-week high of $9.15.

Institutional Investors Weigh In On Destra Multi-Alternative Fund

A number of institutional investors have recently modified their holdings of DMA. JPMorgan Chase & Co. acquired a new stake in shares of Destra Multi-Alternative Fund during the 2nd quarter valued at $25,000. Raymond James Financial Inc. acquired a new stake in shares of Destra Multi-Alternative Fund during the 2nd quarter valued at $50,000. Cetera Investment Advisers boosted its stake in shares of Destra Multi-Alternative Fund by 52.2% during the 4th quarter. Cetera Investment Advisers now owns 17,348 shares of the company’s stock valued at $156,000 after buying an additional 5,952 shares during the period. Altium Capital Management LLC acquired a new stake in Destra Multi-Alternative Fund in the fourth quarter valued at approximately $220,000. Finally, Osaic Holdings Inc. lifted its stake in Destra Multi-Alternative Fund by 19.4% in the second quarter. Osaic Holdings Inc. now owns 29,025 shares of the company’s stock valued at $254,000 after acquiring an additional 4,716 shares during the last quarter.

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.