Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Up 31.1% in November

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 9,700 shares, a growth of 31.1% from the October 31st total of 7,400 shares. Based on an average trading volume of 13,300 shares, the days-to-cover ratio is presently 0.7 days.

Destra Multi-Alternative Fund Price Performance

NYSE:DMA remained flat at $8.95 on Friday. The company’s stock had a trading volume of 8,629 shares, compared to its average volume of 27,759. Destra Multi-Alternative Fund has a 12 month low of $5.98 and a 12 month high of $9.00. The business has a fifty day moving average of $8.77 and a two-hundred day moving average of $8.28.

Institutional Trading of Destra Multi-Alternative Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Chicago Partners Investment Group LLC grew its stake 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. Sanctuary Advisors LLC acquired a new position in shares of Destra Multi-Alternative Fund during the 2nd quarter valued at $383,000. Blue Bell Private Wealth Management LLC boosted its position in Destra Multi-Alternative Fund by 10.4% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 71,309 shares of the company’s stock worth $575,000 after purchasing an additional 6,733 shares during the period. Quarry LP increased its holdings in Destra Multi-Alternative Fund by 5.8% in the 2nd quarter. Quarry LP now owns 178,636 shares of the company’s stock valued at $1,442,000 after purchasing an additional 9,762 shares in the last quarter. Finally, Almitas Capital LLC raised its position in 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 purchasing an additional 169,372 shares during the period.

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.