Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Update

Destra Multi-Alternative Fund (NYSE:DMA) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 13,327 shares, a decline of 25.2% from the January 29th total of 17,815 shares. Based on an average daily volume of 39,862 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 39,862 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

Several large investors have recently modified their holdings of DMA. Blue Bell Private Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 7,190 shares during the period. Closed End Fund Advisors Inc. purchased a new stake in Destra Multi-Alternative Fund in the 4th quarter valued at about $1,801,000. Noble Wealth Management PBC lifted its position in Destra Multi-Alternative Fund by 32.6% in the fourth 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 during the last quarter. North Ground Capital boosted its stake 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 during the period. Finally, IHT Wealth Management LLC boosted its stake in Destra Multi-Alternative Fund by 22.9% during the fourth quarter. IHT Wealth Management LLC now owns 71,858 shares of the company’s stock worth $645,000 after buying an additional 13,407 shares during the period.

Destra Multi-Alternative Fund Stock Performance

Shares of Destra Multi-Alternative Fund stock traded down $0.00 during mid-day trading on Monday, hitting $8.52. The stock had a trading volume of 10,783 shares, compared to its average volume of 33,042. The firm has a 50-day moving average of $8.86 and a two-hundred day moving average of $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 disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 18th will be given a $0.1125 dividend. This represents a c) annualized dividend and a yield of 15.8%. The ex-dividend date is Friday, September 18th.

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.