Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Update

Destra Multi-Alternative Fund (NYSE:DMA) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 9,700 shares, a growth of 31.1% from the October 31st total of 7,400 shares. Based on an average daily trading volume, of 13,300 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Destra Multi-Alternative Fund

Several institutional investors have recently modified their holdings of DMA. Sanctuary Advisors LLC purchased a new stake in Destra Multi-Alternative Fund in the second quarter valued at $383,000. Chicago Partners Investment Group LLC increased 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. Blue Bell Private Wealth Management LLC lifted its holdings 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 purchasing an additional 6,733 shares during the last quarter. Quarry LP boosted its position in shares of Destra Multi-Alternative Fund by 5.8% in the 2nd quarter. Quarry LP now owns 178,636 shares of the company’s stock valued at $1,442,000 after purchasing an additional 9,762 shares during the period. Finally, Almitas Capital LLC grew its stake 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 buying an additional 169,372 shares during the last quarter.

Destra Multi-Alternative Fund Price Performance

Shares of DMA opened at $8.95 on Monday. Destra Multi-Alternative Fund has a fifty-two week low of $5.98 and a fifty-two week high of $9.00. The firm’s 50 day moving average price is $8.77 and its 200 day moving average price is $8.29.

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.