Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Update

Destra Multi-Alternative Fund (NYSE:DMA) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 42,200 shares, an increase of 441.0% from the December 31st total of 7,800 shares. Based on an average trading volume of 18,800 shares, the days-to-cover ratio is presently 2.2 days.

Destra Multi-Alternative Fund Stock Up 1.2 %

Shares of Destra Multi-Alternative Fund stock opened at $8.74 on Thursday. Destra Multi-Alternative Fund has a 52 week low of $6.93 and a 52 week high of $9.16. The stock’s fifty day moving average is $8.70 and its two-hundred day moving average is $8.58.

Destra Multi-Alternative Fund Dividend Announcement

The business also recently declared a — dividend, which was paid on Tuesday, December 31st. Investors 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 Investors Weigh In On Destra Multi-Alternative Fund

Several large investors have recently added to or reduced their stakes in DMA. Weaver Consulting Group bought a new position in shares of Destra Multi-Alternative Fund in the 4th quarter worth $185,000. Chicago Partners Investment Group LLC boosted its holdings in shares of Destra Multi-Alternative Fund by 2.5% in the 3rd 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 in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Destra Multi-Alternative Fund in the 2nd quarter worth approximately $383,000. Quarry LP raised its stake in shares of Destra Multi-Alternative Fund by 5.8% during the 2nd quarter. Quarry LP now owns 178,636 shares of the company’s stock worth $1,442,000 after acquiring an additional 9,762 shares in the last quarter. Finally, Absolute Investment Advisers LLC purchased a new stake in Destra Multi-Alternative Fund during the fourth quarter valued at approximately $6,039,000.

Destra Multi-Alternative Fund Company Profile

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.