Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Down 59.2% in July

Destra Multi-Alternative Fund (NYSE:DMA) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 4,873 shares, a decline of 59.2% from the July 15th total of 11,945 shares. Based on an average daily volume of 21,989 shares, the short-interest ratio is currently 0.2 days.

Destra Multi-Alternative Fund Stock Performance

DMA traded down $0.16 on Friday, reaching $7.58. The company’s stock had a trading volume of 51,005 shares, compared to its average volume of 27,079. The stock has a 50 day moving average of $7.59 and a two-hundred day moving average of $7.88. Destra Multi-Alternative Fund has a fifty-two week low of $6.94 and a fifty-two week high of $9.15.

Institutional Trading of Destra Multi-Alternative Fund

Several institutional investors have recently modified their holdings of DMA. LPL Financial LLC grew its position in shares of Destra Multi-Alternative Fund by 3.7% in the 4th quarter. LPL Financial LLC now owns 54,838 shares of the company’s stock valued at $492,000 after buying an additional 1,953 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Destra Multi-Alternative Fund during the 2nd quarter worth $25,000. Osaic Holdings Inc. lifted its position in Destra Multi-Alternative Fund by 19.4% in the second quarter. Osaic Holdings Inc. now owns 29,025 shares of the company’s stock valued at $254,000 after acquiring an additional 4,716 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Destra Multi-Alternative Fund in the second quarter valued at $50,000. Finally, Cetera Investment Advisers lifted its position in Destra Multi-Alternative Fund by 52.2% in the fourth quarter. Cetera Investment Advisers now owns 17,348 shares of the company’s stock valued at $156,000 after acquiring an additional 5,952 shares during the last quarter.

Destra Multi-Alternative Fund Company Profile

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.