Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Up 31.1% in November

Destra Multi-Alternative Fund (NYSE:DMA) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 9,700 shares, an increase of 31.1% from the October 31st total of 7,400 shares. Based on an average daily trading volume, of 13,300 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Almitas Capital LLC raised its position in shares of Destra Multi-Alternative Fund by 49.0% during the 2nd quarter. Almitas Capital LLC now owns 514,703 shares of the company’s stock worth $4,154,000 after purchasing an additional 169,372 shares during the last quarter. Quarry LP boosted its stake in shares of Destra Multi-Alternative Fund by 5.8% during the second quarter. Quarry LP now owns 178,636 shares of the company’s stock valued at $1,442,000 after acquiring an additional 9,762 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its position in Destra Multi-Alternative Fund by 10.4% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 71,309 shares of the company’s stock worth $575,000 after purchasing an additional 6,733 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Destra Multi-Alternative Fund by 3.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 49,054 shares of the company’s stock valued at $437,000 after purchasing an additional 1,625 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its stake in shares of Destra Multi-Alternative Fund by 2.5% during the third quarter. Chicago Partners Investment Group LLC now owns 47,061 shares of the company’s stock valued at $414,000 after buying an additional 1,150 shares during the period.

Destra Multi-Alternative Fund Price Performance

Shares of DMA remained flat at $8.95 during mid-day trading on Friday. The stock had a trading volume of 8,629 shares, compared to its average volume of 27,759. The business has a fifty day moving average of $8.77 and a 200-day moving average of $8.28. Destra Multi-Alternative Fund has a 1-year low of $5.98 and a 1-year high of $9.00.

About Destra Multi-Alternative Fund

Multi-Strategy Growth & Income Fund is a closed ended balanced mutual fund launched and managed by Pinhook Capital, LLC. It invests in public equity and fixed income markets of the United States. For its equity portion, the fund primarily invests directly, in other funds, and through derivatives such as options to invest in stocks of companies operating in the real estate sector, including real estate investment trusts.