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

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 7,800 shares, a growth of 21.9% from the November 30th total of 6,400 shares. Based on an average daily volume of 14,000 shares, the days-to-cover ratio is currently 0.6 days.

Destra Multi-Alternative Fund Price Performance

NYSE:DMA traded down $0.02 on Tuesday, reaching $8.48. The stock had a trading volume of 52,283 shares, compared to its average volume of 27,711. Destra Multi-Alternative Fund has a 12-month low of $6.01 and a 12-month high of $9.16. The firm’s fifty day moving average is $8.81 and its two-hundred day moving average is $8.49.

Destra Multi-Alternative Fund Announces Dividend

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 dividend of $0.3239 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a yield of 7.7%.

Institutional Trading of Destra Multi-Alternative Fund

Several hedge funds and other institutional investors have recently bought and sold shares of DMA. Sanctuary Advisors LLC lifted its stake in shares of Destra Multi-Alternative Fund by 3.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 49,054 shares of the company’s stock worth $437,000 after purchasing an additional 1,625 shares during the period. 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 during the last quarter. Quarry LP lifted its position in Destra Multi-Alternative Fund by 5.8% during the second quarter. Quarry LP now owns 178,636 shares of the company’s stock worth $1,442,000 after buying an additional 9,762 shares during the period. Almitas Capital LLC boosted its stake in Destra Multi-Alternative Fund by 49.0% in 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. Finally, Blue Bell Private Wealth Management LLC grew its holdings in 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 buying 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.