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 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 daily trading volume, of 14,000 shares, the short-interest ratio is currently 0.6 days.

Destra Multi-Alternative Fund Stock Performance

DMA stock traded down $0.04 on Tuesday, hitting $8.46. 55,749 shares of the company were exchanged, compared to its average volume of 27,726. Destra Multi-Alternative Fund has a twelve month low of $6.01 and a twelve month high of $9.16. The business’s fifty day moving average is $8.80 and its two-hundred day moving average is $8.49.

Destra Multi-Alternative Fund Dividend Announcement

The company also recently announced a — dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.3239 dividend. This represents a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, December 20th.

Institutional Investors Weigh In On Destra Multi-Alternative Fund

Institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC increased its position 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 acquiring an additional 1,625 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of 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 valued at $414,000 after acquiring an additional 1,150 shares in the last quarter. Quarry LP boosted its position in Destra Multi-Alternative Fund by 5.8% during the 2nd quarter. Quarry LP now owns 178,636 shares of the company’s stock worth $1,442,000 after purchasing an additional 9,762 shares during the period. Almitas Capital LLC raised its position in Destra Multi-Alternative Fund by 49.0% in the second quarter. Almitas Capital LLC now owns 514,703 shares of the company’s stock valued at $4,154,000 after purchasing an additional 169,372 shares during the period. Finally, Blue Bell Private Wealth Management LLC raised its position 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 purchasing an additional 6,733 shares during the period.

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.