Short Interest in Destra Multi-Alternative Fund (NYSE:DMA) Decreases By 36.2%

Destra Multi-Alternative Fund (NYSE:DMA) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 16,236 shares, a drop of 36.2% from the December 31st total of 25,452 shares. Based on an average trading volume of 22,608 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 22,608 shares, the days-to-cover ratio is currently 0.7 days.

Destra Multi-Alternative Fund Stock Down 0.2%

Destra Multi-Alternative Fund stock traded down $0.02 during mid-day trading on Friday, reaching $8.96. The company’s stock had a trading volume of 33,955 shares, compared to its average volume of 24,063. The firm’s fifty day moving average price is $8.94 and its two-hundred day moving average price is $8.77. Destra Multi-Alternative Fund has a 12-month low of $7.17 and a 12-month high of $9.15.

Destra Multi-Alternative Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 18th will be given a dividend of $0.1125 per share. This represents a c) dividend on an annualized basis and a yield of 15.1%. The ex-dividend date is Friday, September 18th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. North Ground Capital purchased a new stake in shares of Destra Multi-Alternative Fund during the third quarter worth about $510,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of Destra Multi-Alternative Fund by 33.4% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 231,459 shares of the company’s stock valued at $2,000,000 after purchasing an additional 58,006 shares during the period. Noble Wealth Management PBC boosted its holdings in shares of Destra Multi-Alternative Fund by 32.6% during the 4th quarter. Noble Wealth Management PBC now owns 191,346 shares of the company’s stock valued at $1,716,000 after buying an additional 47,000 shares in the last quarter. Alpine Global Management LLC purchased a new stake in shares of Destra Multi-Alternative Fund in the 3rd quarter worth about $268,000. Finally, Perigon Wealth Management LLC bought a new position in shares of Destra Multi-Alternative Fund in the 3rd quarter worth about $112,000.

About Destra Multi-Alternative Fund

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.