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

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 17,681 shares, a decline of 48.6% from the May 31st total of 34,422 shares. Based on an average daily volume of 15,687 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new stake in shares of Destra Multi-Alternative Fund in the second quarter worth approximately $25,000. Raymond James Financial Inc. acquired a new position in shares of Destra Multi-Alternative Fund in the 2nd quarter valued at $50,000. Cetera Investment Advisers increased its holdings in shares of Destra Multi-Alternative Fund by 52.2% during the 4th quarter. Cetera Investment Advisers now owns 17,348 shares of the company’s stock worth $156,000 after buying an additional 5,952 shares during the last quarter. Altium Capital Management LLC purchased a new position in shares of Destra Multi-Alternative Fund in the 4th quarter worth $220,000. Finally, Osaic Holdings Inc. boosted 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 last quarter.

Destra Multi-Alternative Fund Trading Up 0.2%

Destra Multi-Alternative Fund stock opened at $7.45 on Tuesday. The stock has a 50-day moving average price of $7.43 and a 200 day moving average price of $8.19. Destra Multi-Alternative Fund has a 52 week low of $6.94 and a 52 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.