Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Up 31.1% in November

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 9,700 shares, an increase of 31.1% from the October 31st total of 7,400 shares. Based on an average daily volume of 13,300 shares, the days-to-cover ratio is presently 0.7 days.

Destra Multi-Alternative Fund Price Performance

Shares of DMA stock opened at $8.95 on Monday. The firm has a 50-day moving average price of $8.77 and a 200 day moving average price of $8.29. Destra Multi-Alternative Fund has a twelve month low of $5.98 and a twelve month high of $9.00.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

Institutional investors have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC raised its holdings in Destra Multi-Alternative Fund by 10.4% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 71,309 shares of the company’s stock valued at $575,000 after acquiring an additional 6,733 shares during the last quarter. Almitas Capital LLC lifted its position in Destra Multi-Alternative Fund by 49.0% during the second quarter. Almitas Capital LLC now owns 514,703 shares of the company’s stock worth $4,154,000 after buying an additional 169,372 shares during the period. Quarry LP boosted its stake in Destra Multi-Alternative Fund by 5.8% in the 2nd quarter. Quarry LP now owns 178,636 shares of the company’s stock worth $1,442,000 after buying an additional 9,762 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Destra Multi-Alternative Fund in the 2nd quarter worth about $383,000. Finally, Chicago Partners Investment Group LLC grew its holdings in Destra Multi-Alternative Fund by 2.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 47,061 shares of the company’s stock valued at $414,000 after buying an additional 1,150 shares during the period.

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.