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

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in shares of Destra Multi-Alternative Fund in the 2nd quarter worth about $383,000. Chicago Partners Investment Group LLC increased its position in shares of Destra Multi-Alternative Fund by 2.5% in the third quarter. Chicago Partners Investment Group LLC now owns 47,061 shares of the company’s stock worth $414,000 after acquiring an additional 1,150 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of 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 period. Quarry LP lifted its holdings 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 acquiring an additional 9,762 shares in the last quarter. Finally, Almitas Capital LLC boosted its position 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 purchasing an additional 169,372 shares during the period.

Destra Multi-Alternative Fund Price Performance

Shares of DMA traded down $0.04 during mid-day trading on Tuesday, hitting $8.46. The company had a trading volume of 55,749 shares, compared to its average volume of 27,715. Destra Multi-Alternative Fund has a 1-year low of $6.01 and a 1-year high of $9.16. The business’s 50-day simple moving average is $8.81 and its 200-day simple moving average is $8.49.

Destra Multi-Alternative Fund Announces Dividend

The business also recently disclosed 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.