Destra Multi-Alternative Fund (NYSE:DMA) Sees Large Growth in Short Interest

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 42,200 shares, a growth 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.

Institutional Trading of Destra Multi-Alternative Fund

A number of institutional investors have recently made changes to their positions in DMA. Chicago Partners Investment Group LLC boosted its position in Destra Multi-Alternative Fund by 2.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 48,405 shares of the company’s stock worth $410,000 after acquiring an additional 1,344 shares during the last quarter. Absolute Investment Advisers LLC acquired a new position in shares of Destra Multi-Alternative Fund during the 4th quarter worth approximately $6,039,000. Weaver Consulting Group purchased a new stake in shares of Destra Multi-Alternative Fund in the fourth quarter valued at approximately $185,000. Sanctuary Advisors LLC increased its holdings in shares of Destra Multi-Alternative Fund by 3.4% in the third 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 during the last quarter. Finally, Quarry LP lifted its position in Destra Multi-Alternative Fund by 5.8% during the second quarter. Quarry LP now owns 178,636 shares of the company’s stock worth $1,442,000 after buying an additional 9,762 shares in the last quarter.

Destra Multi-Alternative Fund Stock Up 0.1 %

Shares of Destra Multi-Alternative Fund stock opened at $8.65 on Wednesday. Destra Multi-Alternative Fund has a twelve month low of $6.93 and a twelve month high of $9.16. The firm’s 50-day moving average price is $8.70 and its 200 day moving average price is $8.58.

Destra Multi-Alternative Fund Dividend Announcement

The company also recently announced a — dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were given a $0.3239 dividend. The ex-dividend date was Friday, December 20th. This represents a dividend yield of 7.7%.

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.