Short Interest in Destra Multi-Alternative Fund (NYSE:DMA) Decreases By 37.9%

Destra Multi-Alternative Fund (NYSE:DMA) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 10,000 shares, a decrease of 37.9% from the January 31st total of 16,100 shares. Based on an average daily volume of 26,300 shares, the short-interest ratio is presently 0.4 days.

Destra Multi-Alternative Fund Stock Down 1.7 %

Shares of NYSE DMA opened at $8.65 on Tuesday. Destra Multi-Alternative Fund has a 12-month low of $6.93 and a 12-month high of $9.16. The firm’s 50-day moving average is $8.57 and its two-hundred day moving average is $8.63.

Destra Multi-Alternative Fund Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a $0.0725 dividend. This represents a dividend yield of 3.2%. The ex-dividend date is Monday, May 19th.

Institutional Trading of Destra Multi-Alternative Fund

Institutional investors and hedge funds have recently modified their holdings of the business. K2 Principal Fund L.P. acquired a new position in shares of Destra Multi-Alternative Fund in the fourth quarter valued at approximately $121,000. Weaver Consulting Group acquired a new position in shares of Destra Multi-Alternative Fund in the fourth quarter valued at approximately $185,000. Chicago Partners Investment Group LLC raised its position in shares of Destra Multi-Alternative Fund by 2.5% in the third 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 last quarter. Sanctuary Advisors LLC raised its position in shares of Destra Multi-Alternative Fund by 3.4% in the third quarter. Sanctuary Advisors LLC now owns 49,054 shares of the company’s stock valued at $437,000 after buying an additional 1,625 shares during the last quarter. Finally, Quarry LP raised its position in shares of Destra Multi-Alternative Fund by 25.4% in the fourth quarter. Quarry LP now owns 223,888 shares of the company’s stock valued at $1,894,000 after buying an additional 45,385 shares during the last quarter.

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.