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

Destra Multi-Alternative Fund (NYSE:DMA) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 5,439 shares, a growth of 139.2% from the April 30th total of 2,274 shares. Based on an average daily trading volume, of 27,948 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Destra Multi-Alternative Fund

A number of hedge funds have recently added to or reduced their stakes in DMA. Absolute Investment Advisers LLC lifted its holdings in shares of Destra Multi-Alternative Fund by 5.0% in the 1st 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. Alpine Global Management LLC grew its holdings in Destra Multi-Alternative Fund by 19.4% during the fourth quarter. Alpine Global Management LLC now owns 37,074 shares of the company’s stock worth $333,000 after acquiring an additional 6,018 shares during the period. Cetera Investment Advisers raised its position in Destra Multi-Alternative Fund by 52.2% in the fourth quarter. Cetera Investment Advisers now owns 17,348 shares of the company’s stock worth $156,000 after acquiring an additional 5,952 shares in the last quarter. Marex Group plc lifted its holdings in Destra Multi-Alternative Fund by 87.3% in the fourth quarter. Marex Group plc now owns 41,616 shares of the company’s stock valued at $373,000 after acquiring an additional 19,393 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in Destra Multi-Alternative Fund by 19.4% in the second quarter. Osaic Holdings Inc. now owns 29,025 shares of the company’s stock valued at $254,000 after acquiring an additional 4,716 shares during the period.

Destra Multi-Alternative Fund Stock Up 4.2%

Shares of DMA stock traded up $0.30 during mid-day trading on Tuesday, hitting $7.51. The stock had a trading volume of 26,515 shares, compared to its average volume of 31,723. The company’s 50-day simple moving average is $7.65 and its 200-day simple moving average is $8.37. Destra Multi-Alternative Fund has a fifty-two week low of $6.94 and a fifty-two week high of $9.15.

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.