Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Down 37.4% in October

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 6,700 shares, a decline of 37.4% from the September 30th total of 10,700 shares. Based on an average daily trading volume, of 18,700 shares, the short-interest ratio is presently 0.4 days.

Destra Multi-Alternative Fund Price Performance

Shares of DMA stock traded down $0.09 during trading hours on Tuesday, reaching $8.65. 44,819 shares of the company were exchanged, compared to its average volume of 29,538. Destra Multi-Alternative Fund has a fifty-two week low of $5.74 and a fifty-two week high of $8.98. The stock’s fifty day moving average is $8.54 and its two-hundred day moving average is $8.01.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

A number of large investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC lifted its position in shares of Destra Multi-Alternative Fund by 2.5% during the third quarter. Chicago Partners Investment Group LLC now owns 47,061 shares of the company’s stock worth $414,000 after purchasing an additional 1,150 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Destra Multi-Alternative Fund during the second quarter worth approximately $383,000. Quarry LP lifted its position in shares of Destra Multi-Alternative Fund by 5.8% during the second quarter. Quarry LP now owns 178,636 shares of the company’s stock worth $1,442,000 after purchasing an additional 9,762 shares in the last quarter. Almitas Capital LLC lifted its position in shares of 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 purchasing an additional 169,372 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of Destra Multi-Alternative Fund by 10.4% during the second quarter. Blue Bell Private Wealth Management LLC now owns 71,309 shares of the company’s stock worth $575,000 after buying an additional 6,733 shares during the last quarter.

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.