Destra Multi-Alternative Fund (NYSE:DMA) Sees Large Growth in Short Interest

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 5,439 shares, a growth of 139.2% from the April 30th total of 2,274 shares. Based on an average daily trading volume, of 27,948 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Destra Multi-Alternative Fund

Several institutional investors have recently modified their holdings of DMA. JPMorgan Chase & Co. acquired a new position in shares of Destra Multi-Alternative Fund in the 2nd quarter valued at $25,000. Raymond James Financial Inc. purchased a new stake in Destra Multi-Alternative Fund in the second quarter valued at $50,000. Cetera Investment Advisers lifted its position in Destra Multi-Alternative Fund by 52.2% in the fourth quarter. Cetera Investment Advisers now owns 17,348 shares of the company’s stock valued at $156,000 after acquiring an additional 5,952 shares during the last quarter. Altium Capital Management LLC acquired a new position in Destra Multi-Alternative Fund in the fourth quarter valued at $220,000. Finally, Osaic Holdings Inc. boosted its stake in Destra Multi-Alternative Fund by 19.4% in the second quarter. Osaic Holdings Inc. now owns 29,025 shares of the company’s stock valued at $254,000 after acquiring an additional 4,716 shares in the last quarter.

Destra Multi-Alternative Fund Stock Up 0.6%

Destra Multi-Alternative Fund stock traded up $0.04 during midday trading on Friday, reaching $7.19. The company’s stock had a trading volume of 21,159 shares, compared to its average volume of 31,775. The business has a 50-day simple moving average of $7.67 and a 200-day simple moving average of $8.38. Destra Multi-Alternative Fund has a fifty-two week low of $6.94 and a fifty-two week 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.