Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Up 20.0% in April

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totaling 15,122 shares, an increase of 20.0% from the March 31st total of 12,598 shares. Based on an average daily trading volume, of 16,138 shares, the days-to-cover ratio is presently 0.9 days.

Destra Multi-Alternative Fund Trading Up 0.4%

Shares of Destra Multi-Alternative Fund stock opened at $7.53 on Friday. Destra Multi-Alternative Fund has a one year low of $7.26 and a one year high of $9.15. The business’s 50 day moving average price is $8.10 and its 200 day moving average price is $8.58.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new position in Destra Multi-Alternative Fund during the second quarter worth approximately $25,000. Raymond James Financial Inc. purchased a new stake in Destra Multi-Alternative Fund in the second quarter valued at $50,000. Perigon Wealth Management LLC purchased a new stake in Destra Multi-Alternative Fund in the third quarter valued at $112,000. Cetera Investment Advisers raised its position in Destra Multi-Alternative Fund by 52.2% in the fourth quarter. Cetera Investment Advisers now owns 17,348 shares of the company’s stock valued at $156,000 after purchasing an additional 5,952 shares during the period. Finally, Altium Capital Management LLC purchased a new stake in Destra Multi-Alternative Fund in the fourth quarter valued at $220,000.

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.