Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Up 21.9% in December

Destra Multi-Alternative Fund (NYSE:DMA) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 7,800 shares, a growth of 21.9% from the November 30th total of 6,400 shares. Based on an average daily trading volume, of 14,000 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Destra Multi-Alternative Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new stake in Destra Multi-Alternative Fund during the second quarter worth $383,000. Chicago Partners Investment Group LLC boosted its position 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 worth $414,000 after buying an additional 1,150 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its stake in Destra Multi-Alternative Fund by 10.4% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 71,309 shares of the company’s stock valued at $575,000 after acquiring an additional 6,733 shares during the last quarter. Quarry LP increased its holdings in Destra Multi-Alternative Fund by 5.8% during the 2nd quarter. Quarry LP now owns 178,636 shares of the company’s stock valued at $1,442,000 after acquiring an additional 9,762 shares in the last quarter. Finally, Almitas Capital LLC raised its position in Destra Multi-Alternative Fund by 49.0% during the second quarter. Almitas Capital LLC now owns 514,703 shares of the company’s stock worth $4,154,000 after acquiring an additional 169,372 shares during the last quarter.

Destra Multi-Alternative Fund Trading Down 0.5 %

DMA stock traded down $0.04 on Tuesday, reaching $8.46. 55,749 shares of the company’s stock were exchanged, compared to its average volume of 27,726. The stock has a fifty day moving average of $8.80 and a 200-day moving average of $8.49. Destra Multi-Alternative Fund has a twelve month low of $6.01 and a twelve month high of $9.16.

Destra Multi-Alternative Fund Announces Dividend

The business also recently declared a — dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a dividend of $0.3239 per share. The ex-dividend date is Friday, December 20th. This represents a dividend yield of 7.7%.

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.