Destra Multi-Alternative Fund (NYSE:DMA) Sees Significant Increase in Short Interest

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

Destra Multi-Alternative Fund Stock Up 0.2 %

DMA traded up $0.02 on Monday, hitting $8.45. 18,267 shares of the company traded hands, compared to its average volume of 24,052. Destra Multi-Alternative Fund has a 12-month low of $6.35 and a 12-month high of $9.16. The company has a 50 day moving average of $8.76 and a 200-day moving average of $8.54.

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 issued a dividend of $0.3239 per share. This represents a dividend yield of 7.7%. The ex-dividend date was Friday, December 20th.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

Institutional investors have recently bought and sold shares of the company. Almitas Capital LLC boosted its stake in shares of 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 buying an additional 169,372 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Destra Multi-Alternative Fund in the second quarter valued at $383,000. Weaver Consulting Group purchased a new stake in shares of Destra Multi-Alternative Fund during the 4th quarter worth $185,000. Quarry LP grew 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 purchasing an additional 9,762 shares during the period. Finally, Chicago Partners Investment Group LLC increased 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 purchasing an additional 1,150 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.