Short Interest in Destra Multi-Alternative Fund (NYSE:DMA) Decreases By 37.9%

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 10,000 shares, a decrease of 37.9% from the January 31st total of 16,100 shares. Based on an average daily volume of 26,300 shares, the short-interest ratio is currently 0.4 days.

Destra Multi-Alternative Fund Stock Performance

Shares of NYSE DMA opened at $8.65 on Tuesday. The company has a 50 day simple moving average of $8.57 and a 200-day simple moving average of $8.63. Destra Multi-Alternative Fund has a 1 year low of $6.93 and a 1 year high of $9.16.

Destra Multi-Alternative Fund Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, May 30th. Shareholders 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 yield of 3.2%.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DMA. K2 Principal Fund L.P. acquired a new stake in shares of Destra Multi-Alternative Fund in the 4th quarter valued at $121,000. Weaver Consulting Group acquired a new stake in shares of Destra Multi-Alternative Fund in the 4th quarter valued at $185,000. Chicago Partners Investment Group LLC raised its holdings in shares of Destra Multi-Alternative Fund by 2.9% in the 4th quarter. Chicago Partners Investment Group LLC now owns 48,405 shares of the company’s stock valued at $410,000 after purchasing an additional 1,344 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of 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 in the last quarter. Finally, Quarry LP raised its holdings in shares of Destra Multi-Alternative Fund by 25.4% in the 4th quarter. Quarry LP now owns 223,888 shares of the company’s stock valued at $1,894,000 after purchasing an additional 45,385 shares in the last quarter.

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.