Short Interest in Destra Multi-Alternative Fund (NYSE:DMA) Increases By 20.0%

Destra Multi-Alternative Fund (NYSE:DMA) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 15,122 shares, a growth of 20.0% from the March 31st total of 12,598 shares. Based on an average daily trading volume, of 16,138 shares, the days-to-cover ratio is presently 0.9 days.

Destra Multi-Alternative Fund Stock Performance

Shares of Destra Multi-Alternative Fund stock traded up $0.03 on Friday, hitting $7.53. The stock had a trading volume of 18,033 shares, compared to its average volume of 31,168. The stock has a 50 day moving average of $8.10 and a 200 day moving average of $8.58. Destra Multi-Alternative Fund has a twelve month low of $7.26 and a twelve month high of $9.15.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

Hedge funds have recently modified their holdings of the business. Absolute Investment Advisers LLC increased its stake in shares of Destra Multi-Alternative Fund by 5.0% in the first quarter. Absolute Investment Advisers LLC now owns 273,696 shares of the company’s stock valued at $2,220,000 after buying an additional 13,117 shares during the period. Blue Bell Private Wealth Management LLC grew its holdings in Destra Multi-Alternative Fund by 3.1% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 238,649 shares of the company’s stock worth $2,141,000 after acquiring an additional 7,190 shares during the period. Closed End Fund Advisors Inc. acquired a new stake in Destra Multi-Alternative Fund during the 4th quarter worth about $1,801,000. Noble Wealth Management PBC grew its holdings in 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 worth $1,716,000 after acquiring an additional 47,000 shares during the period. Finally, North Ground Capital grew its holdings in Destra Multi-Alternative Fund by 31.0% during the 4th quarter. North Ground Capital now owns 77,310 shares of the company’s stock worth $693,000 after acquiring an additional 18,304 shares during the period.

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.