Short Interest in Destra Multi-Alternative Fund (NYSE:DMA) Expands By 45.2%

Destra Multi-Alternative Fund (NYSE:DMA) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 30,200 shares, a growth of 45.2% from the February 28th total of 20,800 shares. Based on an average trading volume of 30,500 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Destra Multi-Alternative Fund

Several hedge funds have recently added to or reduced their stakes in DMA. Sanctuary Advisors LLC lifted its holdings in shares of Destra Multi-Alternative Fund by 3.4% during the third quarter. Sanctuary Advisors LLC now owns 49,054 shares of the company’s stock worth $437,000 after buying an additional 1,625 shares during the last quarter. Weaver Consulting Group bought a new stake in shares of Destra Multi-Alternative Fund in the 4th quarter worth about $185,000. Chicago Partners Investment Group LLC increased its holdings in shares of Destra Multi-Alternative Fund by 2.9% during the fourth 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 in the last quarter. Absolute Investment Advisers LLC acquired a new position in shares of Destra Multi-Alternative Fund in the 4th quarter worth approximately $6,039,000. Finally, Thomas J. Herzfeld Advisors Inc. grew its position in 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 acquiring an additional 20,377 shares during the last quarter.

Destra Multi-Alternative Fund Trading Down 0.9 %

DMA stock traded down $0.07 during midday trading on Tuesday, hitting $8.41. 9,320 shares of the company traded hands, compared to its average volume of 25,937. Destra Multi-Alternative Fund has a twelve month low of $6.93 and a twelve month high of $9.16. The business has a 50 day simple moving average of $8.60 and a 200-day simple moving average of $8.67.

Destra Multi-Alternative Fund Cuts Dividend

The company also recently declared a — dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.0725 per share. This represents a 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.