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

Destra Multi-Alternative Fund (NYSE:DMA) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 42,200 shares, a growth 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Weaver Consulting Group purchased a new position in Destra Multi-Alternative Fund in the fourth quarter valued at $185,000. Chicago Partners Investment Group LLC lifted its holdings in Destra Multi-Alternative Fund by 2.5% during 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 during the last quarter. Sanctuary Advisors LLC purchased a new stake in Destra Multi-Alternative Fund during the 2nd quarter worth about $383,000. Quarry LP lifted 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 worth $1,442,000 after buying an additional 9,762 shares during the last quarter. Finally, Almitas Capital LLC lifted its holdings in Destra Multi-Alternative Fund by 49.0% during the 2nd quarter. Almitas Capital LLC now owns 514,703 shares of the company’s stock worth $4,154,000 after buying an additional 169,372 shares during the last quarter.

Destra Multi-Alternative Fund Trading Down 0.5 %

Shares of NYSE DMA traded down $0.04 during trading on Wednesday, reaching $8.50. The stock had a trading volume of 11,277 shares, compared to its average volume of 29,093. Destra Multi-Alternative Fund has a fifty-two week low of $6.35 and a fifty-two week high of $9.16. The business’s 50-day moving average price is $8.75 and its 200-day moving average price is $8.55.

Destra Multi-Alternative Fund Announces Dividend

The business also recently announced a — dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 20th were issued a $0.3239 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a 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.