Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Up 45.2% in March

Destra Multi-Alternative Fund (NYSE:DMA) saw a large increase in short interest in 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.

Institutional Inflows and Outflows

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

Destra Multi-Alternative Fund Trading Down 1.1 %

NYSE DMA traded down $0.09 during trading hours on Monday, hitting $8.44. 9,563 shares of the company’s stock were exchanged, compared to its average volume of 26,003. Destra Multi-Alternative Fund has a 1-year low of $6.93 and a 1-year high of $9.16. The stock has a 50-day simple moving average of $8.61 and a 200 day simple moving average of $8.67.

Destra Multi-Alternative Fund Cuts Dividend

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

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.