Short Interest in Destra Multi-Alternative Fund (NYSE:DMA) Expands By 532.9%

Destra Multi-Alternative Fund (NYSE:DMA) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 34,422 shares, an increase of 532.9% from the May 14th total of 5,439 shares. Based on an average daily volume of 40,611 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Altium Capital Management LLC lifted its holdings in shares of Destra Multi-Alternative Fund by 122.8% during the 1st quarter. Altium Capital Management LLC now owns 54,723 shares of the company’s stock worth $444,000 after acquiring an additional 30,164 shares during the period. Absolute Investment Advisers LLC lifted its holdings in shares of Destra Multi-Alternative Fund by 5.0% during the 1st quarter. Absolute Investment Advisers LLC now owns 273,696 shares of the company’s stock worth $2,220,000 after acquiring an additional 13,117 shares during the period. Alpine Global Management LLC lifted its holdings in shares of Destra Multi-Alternative Fund by 19.4% during the 4th quarter. Alpine Global Management LLC now owns 37,074 shares of the company’s stock worth $333,000 after acquiring an additional 6,018 shares during the period. IHT Wealth Management LLC lifted its holdings in shares of Destra Multi-Alternative Fund by 22.9% during the 4th quarter. IHT Wealth Management LLC now owns 71,858 shares of the company’s stock worth $645,000 after acquiring an additional 13,407 shares during the period. Finally, Evolve Private Wealth LLC purchased a new position in shares of Destra Multi-Alternative Fund during the 4th quarter worth about $461,000.

Destra Multi-Alternative Fund Price Performance

NYSE:DMA traded down $0.02 on Wednesday, reaching $7.42. The stock had a trading volume of 12,824 shares, compared to its average volume of 30,804. The firm’s fifty day moving average is $7.58 and its two-hundred day moving average is $8.32. Destra Multi-Alternative Fund has a 12-month low of $6.94 and a 12-month high of $9.15.

About Destra Multi-Alternative Fund

Destra Multi-Alternative Fund Inc (NYSE: DMA) is a closed-end, diversified management investment company that employs a multi-alternative strategy to deliver income and total return. The fund seeks to achieve its objectives by allocating assets among a variety of alternative income-producing investments, including closed-end funds, business development companies (BDCs), real estate investment trusts (REITs), master limited partnerships (MLPs) and preferred securities. This blend of assets is intended to provide a level of diversification and potential for regular distributions.

The fund’s investment approach combines fundamental research with active portfolio management, targeting securities with attractive yield characteristics and growth potential.