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

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 42,200 shares, a growth of 441.0% from the December 31st total of 7,800 shares. Based on an average daily volume of 18,800 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Trading of Destra Multi-Alternative Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Absolute Investment Advisers LLC acquired a new stake in shares of Destra Multi-Alternative Fund during the fourth quarter valued at about $6,039,000. Sanctuary Advisors LLC purchased a new position in shares of Destra Multi-Alternative Fund during the 2nd quarter worth approximately $383,000. Weaver Consulting Group acquired a new stake in Destra Multi-Alternative Fund in the 4th quarter valued at approximately $185,000. Quarry LP raised its position in Destra Multi-Alternative Fund by 5.8% in the second 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, Chicago Partners Investment Group LLC lifted its stake in Destra Multi-Alternative Fund by 2.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 48,405 shares of the company’s stock worth $410,000 after purchasing an additional 1,344 shares in the last quarter.

Destra Multi-Alternative Fund Stock Up 0.1 %

Shares of DMA stock traded up $0.01 during trading on Tuesday, hitting $8.65. 24,430 shares of the stock traded hands, compared to its average volume of 25,425. Destra Multi-Alternative Fund has a 52-week low of $6.93 and a 52-week high of $9.16. The firm’s fifty day moving average price is $8.70 and its 200-day moving average price is $8.57.

Destra Multi-Alternative Fund Dividend Announcement

The firm also recently declared a — dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were issued a dividend of $0.3239 per share. This represents a dividend yield of 7.7%. The ex-dividend date of this dividend was Friday, December 20th.

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.