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

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 4,873 shares, a decline of 59.2% from the July 15th total of 11,945 shares. Based on an average daily volume of 21,989 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Absolute Investment Advisers LLC lifted its holdings 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 purchasing an additional 13,117 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its position in Destra Multi-Alternative Fund by 3.1% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 238,649 shares of the company’s stock worth $2,141,000 after buying an additional 7,190 shares during the period. Closed End Fund Advisors Inc. bought a new position in Destra Multi-Alternative Fund during the 4th quarter worth $1,801,000. North Ground Capital raised its stake in Destra Multi-Alternative Fund by 31.0% in the 4th quarter. North Ground Capital now owns 77,310 shares of the company’s stock worth $693,000 after purchasing an additional 18,304 shares in the last quarter. Finally, IHT Wealth Management LLC grew its position in shares of Destra Multi-Alternative Fund by 22.9% during the 4th quarter. IHT Wealth Management LLC now owns 71,858 shares of the company’s stock worth $645,000 after purchasing an additional 13,407 shares in the last quarter.

Destra Multi-Alternative Fund Price Performance

Shares of DMA traded down $0.16 during trading hours on Friday, hitting $7.58. The company had a trading volume of 51,005 shares, compared to its average volume of 27,079. The business has a fifty day moving average of $7.59 and a 200-day moving average of $7.88. Destra Multi-Alternative Fund has a 12 month low of $6.94 and a 12 month high of $9.15.

Destra Multi-Alternative Fund Company Profile

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.