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

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a large increase in short interest in 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 institutional investors have recently modified their holdings of the business. Chicago Partners Investment Group LLC increased 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 purchasing an additional 1,150 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Destra Multi-Alternative Fund by 3.4% in the third quarter. Sanctuary Advisors LLC now owns 49,054 shares of the company’s stock worth $437,000 after buying an additional 1,625 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in Destra Multi-Alternative Fund by 10.4% in the second 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 in the last quarter. Quarry LP boosted its stake 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 during the last quarter. Finally, Almitas Capital LLC increased its position in shares of Destra Multi-Alternative Fund by 49.0% in 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 last quarter.

Destra Multi-Alternative Fund Trading Down 0.5 %

Shares of NYSE DMA traded down $0.04 during trading on Tuesday, reaching $8.46. 55,749 shares of the stock were exchanged, compared to its average volume of 27,715. Destra Multi-Alternative Fund has a twelve month low of $6.01 and a twelve month high of $9.16. The business’s 50-day moving average price is $8.81 and its 200 day moving average price is $8.49.

Destra Multi-Alternative Fund Announces Dividend

The firm also recently announced 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 of this dividend 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.