Short Interest in Destra Multi-Alternative Fund (NYSE:DMA) Increases By 137.7%

Destra Multi-Alternative Fund (NYSE:DMA) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 31,673 shares, a growth of 137.7% from the February 12th total of 13,327 shares. Based on an average trading volume of 48,024 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 48,024 shares, the short-interest ratio is currently 0.7 days.

Destra Multi-Alternative Fund Price Performance

NYSE DMA opened at $8.17 on Friday. Destra Multi-Alternative Fund has a 52-week low of $7.17 and a 52-week high of $9.15. The firm has a 50-day moving average price of $8.72 and a 200 day moving average price of $8.74.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Alpine Global Management LLC lifted its holdings in Destra Multi-Alternative Fund by 19.4% in the fourth quarter. Alpine Global Management LLC now owns 37,074 shares of the company’s stock valued at $333,000 after acquiring an additional 6,018 shares during the period. IHT Wealth Management LLC increased its holdings in shares of Destra Multi-Alternative Fund by 22.9% in the 4th quarter. IHT Wealth Management LLC now owns 71,858 shares of the company’s stock valued at $645,000 after purchasing an additional 13,407 shares in the last quarter. Evolve Private Wealth LLC acquired a new stake in shares of Destra Multi-Alternative Fund in the fourth quarter valued at about $461,000. Cetera Investment Advisers lifted its stake in shares of 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 purchasing an additional 5,952 shares during the period. Finally, North Ground Capital boosted its holdings in Destra Multi-Alternative Fund by 31.0% during the fourth quarter. North Ground Capital now owns 77,310 shares of the company’s stock worth $693,000 after buying an additional 18,304 shares in the last quarter.

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.