Destra Multi-Alternative Fund (NYSE:DMA – Get 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
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.
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