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

Destra Multi-Alternative Fund (NYSE:DMA) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 17,681 shares, a drop of 48.6% from the May 31st total of 34,422 shares. Based on an average daily volume of 15,687 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DMA. Absolute Investment Advisers LLC raised its stake in Destra Multi-Alternative Fund by 5.0% during the 1st quarter. Absolute Investment Advisers LLC now owns 273,696 shares of the company’s stock worth $2,220,000 after acquiring an additional 13,117 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in shares of Destra Multi-Alternative Fund by 3.1% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 238,649 shares of the company’s stock worth $2,141,000 after purchasing an additional 7,190 shares in the last quarter. Closed End Fund Advisors Inc. bought a new stake in shares of Destra Multi-Alternative Fund during the 4th quarter valued at $1,801,000. Noble Wealth Management PBC lifted its stake in shares of Destra Multi-Alternative Fund by 32.6% during the 4th quarter. Noble Wealth Management PBC now owns 191,346 shares of the company’s stock valued at $1,716,000 after buying an additional 47,000 shares in the last quarter. Finally, North Ground Capital lifted its stake in shares of Destra Multi-Alternative Fund by 31.0% during the 4th quarter. North Ground Capital now owns 77,310 shares of the company’s stock valued at $693,000 after buying an additional 18,304 shares in the last quarter.

Destra Multi-Alternative Fund Stock Performance

NYSE:DMA traded up $0.12 during mid-day trading on Wednesday, hitting $7.60. 14,402 shares of the company traded hands, compared to its average volume of 29,215. The stock’s fifty day moving average price is $7.41 and its 200-day moving average price is $8.17. Destra Multi-Alternative Fund has a one year low of $6.94 and a one year high of $9.15.

About Destra Multi-Alternative Fund

Destra Multi-Alternative Fund Inc (NYSE: DMA) is a closed-end, diversified management investment company that employs a multi-alternative strategy to deliver income and total return. The fund seeks to achieve its objectives by allocating assets among a variety of alternative income-producing investments, including closed-end funds, business development companies (BDCs), real estate investment trusts (REITs), master limited partnerships (MLPs) and preferred securities. This blend of assets is intended to provide a level of diversification and potential for regular distributions.

The fund’s investment approach combines fundamental research with active portfolio management, targeting securities with attractive yield characteristics and growth potential.