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

Destra Multi-Alternative Fund (NYSE:DMA) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 30,200 shares, an increase of 45.2% from the February 28th total of 20,800 shares. Based on an average daily volume of 30,500 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

Institutional investors and hedge funds have recently modified their holdings of the business. K2 Principal Fund L.P. bought a new stake in Destra Multi-Alternative Fund in the 4th quarter valued at about $121,000. Weaver Consulting Group acquired a new stake in shares of Destra Multi-Alternative Fund in the fourth quarter valued at approximately $185,000. Chicago Partners Investment Group LLC boosted its stake in shares of Destra Multi-Alternative Fund by 2.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 48,405 shares of the company’s stock valued at $410,000 after buying an additional 1,344 shares during the period. Sanctuary Advisors LLC grew its position in Destra Multi-Alternative Fund by 3.4% during the third quarter. Sanctuary Advisors LLC now owns 49,054 shares of the company’s stock worth $437,000 after buying an additional 1,625 shares in the last quarter. Finally, Quarry LP increased its stake in Destra Multi-Alternative Fund by 25.4% during the 4th quarter. Quarry LP now owns 223,888 shares of the company’s stock worth $1,894,000 after acquiring an additional 45,385 shares during the period.

Destra Multi-Alternative Fund Stock Performance

DMA traded down $0.06 during trading on Friday, hitting $8.52. The stock had a trading volume of 9,701 shares, compared to its average volume of 26,069. The company has a 50 day moving average price of $8.61 and a 200-day moving average price of $8.67. Destra Multi-Alternative Fund has a one year low of $6.93 and a one year high of $9.16.

Destra Multi-Alternative Fund Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a $0.0725 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a dividend yield of 3.2%.

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.