Short Interest in Destra Multi-Alternative Fund (NYSE:DMA) Grows By 108.0%

Destra Multi-Alternative Fund (NYSE:DMA) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 20,800 shares, a growth of 108.0% from the February 13th total of 10,000 shares. Based on an average daily volume of 30,200 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DMA. Chicago Partners Investment Group LLC boosted its holdings in shares of Destra Multi-Alternative Fund by 2.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 48,405 shares of the company’s stock worth $410,000 after buying an additional 1,344 shares during the period. Sanctuary Advisors LLC grew its position in shares of Destra Multi-Alternative Fund by 3.4% in the third quarter. Sanctuary Advisors LLC now owns 49,054 shares of the company’s stock valued at $437,000 after purchasing an additional 1,625 shares during the last quarter. K2 Principal Fund L.P. bought a new position in shares of Destra Multi-Alternative Fund in the fourth quarter worth about $121,000. Thomas J. Herzfeld Advisors Inc. lifted its position in shares of Destra Multi-Alternative Fund by 3.0% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 689,580 shares of the company’s stock worth $5,834,000 after purchasing an additional 20,377 shares during the last quarter. Finally, Weaver Consulting Group acquired a new position in shares of Destra Multi-Alternative Fund during the 4th quarter worth about $185,000.

Destra Multi-Alternative Fund Trading Up 0.2 %

Destra Multi-Alternative Fund stock traded up $0.02 during mid-day trading on Friday, hitting $8.60. 2,931 shares of the company’s stock were exchanged, compared to its average volume of 26,054. Destra Multi-Alternative Fund has a 1-year low of $6.93 and a 1-year high of $9.16. The stock has a 50 day moving average of $8.59 and a two-hundred day moving average of $8.65.

Destra Multi-Alternative Fund Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a $0.0725 dividend. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, May 19th.

Destra Multi-Alternative Fund Company Profile

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.