Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Up 441.0% in December

Destra Multi-Alternative Fund (NYSE:DMAGet Free Report) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 42,200 shares, a growth of 441.0% from the December 15th total of 7,800 shares. Based on an average daily volume of 18,800 shares, the short-interest ratio is presently 2.2 days.

Destra Multi-Alternative Fund Price Performance

DMA stock traded up $0.02 during mid-day trading on Monday, reaching $8.45. The company had a trading volume of 18,267 shares, compared to its average volume of 24,052. The firm has a fifty day simple moving average of $8.76 and a 200 day simple moving average of $8.54. Destra Multi-Alternative Fund has a fifty-two week low of $6.35 and a fifty-two week high of $9.16.

Destra Multi-Alternative Fund Announces Dividend

The firm also recently declared a — dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th were paid a $0.3239 dividend. This represents a yield of 7.7%. The ex-dividend date of this dividend was Friday, December 20th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Weaver Consulting Group purchased a new position in shares of Destra Multi-Alternative Fund during the fourth quarter worth about $185,000. Sanctuary Advisors LLC purchased a new position in Destra Multi-Alternative Fund during the 2nd quarter worth approximately $383,000. Chicago Partners Investment Group LLC increased its position in 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 worth $414,000 after buying an additional 1,150 shares during the period. Quarry LP lifted its stake in Destra Multi-Alternative Fund by 5.8% in the second quarter. Quarry LP now owns 178,636 shares of the company’s stock valued at $1,442,000 after buying an additional 9,762 shares during the last quarter. Finally, Almitas Capital LLC boosted its holdings in shares of Destra Multi-Alternative Fund by 49.0% in the second quarter. Almitas Capital LLC now owns 514,703 shares of the company’s stock valued at $4,154,000 after acquiring an additional 169,372 shares during the period.

About Destra Multi-Alternative Fund

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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.

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