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

Destra Multi-Alternative Fund (NYSE:DMA) was the target of a large growth in short interest in 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 daily volume of 18,800 shares, the days-to-cover ratio is presently 2.2 days.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Chicago Partners Investment Group LLC lifted 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 valued at $410,000 after acquiring an additional 1,344 shares during the period. Absolute Investment Advisers LLC acquired a new position in Destra Multi-Alternative Fund during the fourth quarter valued at $6,039,000. Weaver Consulting Group purchased a new stake in Destra Multi-Alternative Fund in the fourth quarter valued at $185,000. Sanctuary Advisors LLC grew its position in Destra Multi-Alternative Fund by 3.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 49,054 shares of the company’s stock worth $437,000 after purchasing an additional 1,625 shares during the period. Finally, Quarry LP raised its stake in shares of 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 buying an additional 9,762 shares during the last quarter.

Destra Multi-Alternative Fund Stock Performance

DMA stock traded up $0.01 during midday trading on Tuesday, reaching $8.65. The stock had a trading volume of 24,430 shares, compared to its average volume of 25,425. The firm has a fifty day simple moving average of $8.70 and a two-hundred day simple moving average of $8.57. Destra Multi-Alternative Fund has a 52-week low of $6.93 and a 52-week high of $9.16.

Destra Multi-Alternative Fund Dividend Announcement

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

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.