Short Interest in Destra Multi-Alternative Fund (NYSE:DMA) Expands By 265.4%

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 17,808 shares, a growth of 265.4% from the July 30th total of 4,873 shares. Based on an average daily volume of 19,327 shares, the days-to-cover ratio is currently 0.9 days.

Destra Multi-Alternative Fund Stock Performance

NYSE:DMA opened at $7.52 on Thursday. The stock’s 50-day moving average is $7.60 and its 200-day moving average is $7.79. Destra Multi-Alternative Fund has a 1-year low of $6.94 and a 1-year high of $9.15.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Evolve Private Wealth LLC acquired a new position in shares of Destra Multi-Alternative Fund during the fourth quarter worth $461,000. Cetera Investment Advisers raised its position in 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 purchasing an additional 5,952 shares during the last quarter. Marex Group plc raised its position in Destra Multi-Alternative Fund by 87.3% during the 4th quarter. Marex Group plc now owns 41,616 shares of the company’s stock worth $373,000 after purchasing an additional 19,393 shares during the last quarter. LPL Financial LLC grew its position in shares of Destra Multi-Alternative Fund by 3.7% in the 4th quarter. LPL Financial LLC now owns 54,838 shares of the company’s stock valued at $492,000 after buying an additional 1,953 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of 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 buying an additional 4,716 shares during the period.

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.