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

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 7,700 shares, a decrease of 34.7% from the May 15th total of 11,800 shares. Based on an average daily trading volume, of 23,500 shares, the short-interest ratio is presently 0.3 days.

Destra Multi-Alternative Fund Stock Performance

Shares of NYSE DMA traded up $0.04 during midday trading on Friday, hitting $7.51. 9,300 shares of the company’s stock were exchanged, compared to its average volume of 30,181. Destra Multi-Alternative Fund has a 12 month low of $4.78 and a 12 month high of $8.00. The company’s 50 day moving average price is $7.31 and its 200 day moving average price is $7.08.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

Several institutional investors and hedge funds have recently modified their holdings of DMA. Nomura Holdings Inc. acquired a new position in shares of Destra Multi-Alternative Fund in the fourth quarter valued at approximately $83,000. Blue Bell Private Wealth Management LLC grew its holdings in Destra Multi-Alternative Fund by 267.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 53,704 shares of the company’s stock valued at $335,000 after buying an additional 39,090 shares in the last quarter. Quarry LP increased its position in Destra Multi-Alternative Fund by 74.4% during the 4th quarter. Quarry LP now owns 157,100 shares of the company’s stock worth $979,000 after buying an additional 67,000 shares during the period. Bulldog Investors LLP increased its position in Destra Multi-Alternative Fund by 28.9% during the 4th quarter. Bulldog Investors LLP now owns 216,567 shares of the company’s stock worth $1,349,000 after buying an additional 48,598 shares during the period. Finally, Almitas Capital LLC acquired a new stake in shares of Destra Multi-Alternative Fund during the third quarter worth $2,129,000.

About Destra Multi-Alternative Fund

Multi-Strategy Growth & Income Fund is a closed ended balanced mutual fund launched and managed by Pinhook Capital, LLC. It invests in public equity and fixed income markets of the United States. For its equity portion, the fund primarily invests directly, in other funds, and through derivatives such as options to invest in stocks of companies operating in the real estate sector, including real estate investment trusts.