Destra Multi-Alternative Fund (NYSE:DMA) Sees Large Drop in Short Interest

Destra Multi-Alternative Fund (NYSE:DMA) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 12,598 shares, a drop of 26.6% from the March 15th total of 17,155 shares. Based on an average daily volume of 18,748 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Destra Multi-Alternative Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. North Ground Capital grew its position in shares of Destra Multi-Alternative Fund by 31.0% in the fourth quarter. North Ground Capital now owns 77,310 shares of the company’s stock valued at $693,000 after purchasing an additional 18,304 shares during the last quarter. IHT Wealth Management LLC grew its position in shares of Destra Multi-Alternative Fund by 22.9% in the fourth quarter. IHT Wealth Management LLC now owns 71,858 shares of the company’s stock valued at $645,000 after purchasing an additional 13,407 shares during the last quarter. Evolve Private Wealth LLC acquired a new stake in shares of Destra Multi-Alternative Fund in the fourth quarter valued at about $461,000. Marex Group plc grew its position in shares of 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 purchasing an additional 19,393 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Destra Multi-Alternative Fund by 52.2% in the fourth quarter. Cetera Investment Advisers now owns 17,348 shares of the company’s stock valued at $156,000 after purchasing an additional 5,952 shares during the last quarter.

Destra Multi-Alternative Fund Trading Up 0.4%

Shares of NYSE:DMA traded up $0.03 during midday trading on Wednesday, hitting $8.01. The company’s stock had a trading volume of 21,547 shares, compared to its average volume of 30,102. The stock’s 50 day simple moving average is $8.32 and its 200 day simple moving average is $8.65. Destra Multi-Alternative Fund has a fifty-two week low of $7.70 and a fifty-two week high of $9.15.

Destra Multi-Alternative Fund Company Profile

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.