Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Down 37.4% in October

Destra Multi-Alternative Fund (NYSE:DMA) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 6,700 shares, a decline of 37.4% from the September 30th total of 10,700 shares. Based on an average daily trading volume, of 18,700 shares, the short-interest ratio is presently 0.4 days.

Destra Multi-Alternative Fund Trading Down 1.0 %

Shares of DMA traded down $0.09 on Tuesday, reaching $8.65. 44,819 shares of the company’s stock were exchanged, compared to its average volume of 29,538. The business has a 50 day moving average price of $8.54 and a two-hundred day moving average price of $8.01. Destra Multi-Alternative Fund has a 12 month low of $5.74 and a 12 month high of $8.98.

Institutional Investors Weigh In On Destra Multi-Alternative Fund

Large investors have recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its stake in Destra Multi-Alternative Fund by 2.5% in the third quarter. Chicago Partners Investment Group LLC now owns 47,061 shares of the company’s stock valued at $414,000 after purchasing an additional 1,150 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Destra Multi-Alternative Fund in the second quarter valued at approximately $383,000. Quarry LP increased its stake 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 in the last quarter. Almitas Capital LLC increased its stake 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 in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its stake 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 in the last quarter.

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.