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

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

Institutional Trading of Destra Multi-Alternative Fund

Several large investors have recently added to or reduced their stakes in DMA. K2 Principal Fund L.P. bought a new stake in shares of Destra Multi-Alternative Fund during the 4th quarter worth $121,000. Bulldog Investors LLP boosted its holdings in shares of Destra Multi-Alternative Fund by 73.8% during the 4th quarter. Bulldog Investors LLP now owns 392,993 shares of the company’s stock worth $3,325,000 after buying an additional 166,851 shares during the period. Quarry LP boosted its holdings in shares of Destra Multi-Alternative Fund by 25.4% during the 4th quarter. Quarry LP now owns 223,888 shares of the company’s stock worth $1,894,000 after buying an additional 45,385 shares during the period. Thomas J. Herzfeld Advisors Inc. raised its stake in Destra Multi-Alternative Fund by 3.0% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 689,580 shares of the company’s stock valued at $5,834,000 after purchasing an additional 20,377 shares during the last quarter. Finally, Absolute Investment Advisers LLC acquired a new position in Destra Multi-Alternative Fund during the 4th quarter valued at $6,039,000.

Destra Multi-Alternative Fund Stock Performance

DMA stock traded down $0.01 during trading hours on Friday, hitting $8.79. The company’s stock had a trading volume of 28,482 shares, compared to its average volume of 25,924. Destra Multi-Alternative Fund has a 12 month low of $6.93 and a 12 month high of $9.16. The stock has a 50 day moving average price of $8.57 and a two-hundred day moving average price of $8.63.

Destra Multi-Alternative Fund Cuts Dividend

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

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.