Short Interest in Destra Multi-Alternative Fund (NYSE:DMA) Drops By 48.6%

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

Hedge Funds Weigh In On Destra Multi-Alternative Fund

Several hedge funds have recently made changes to their positions in the business. Altium Capital Management LLC increased its position in shares of Destra Multi-Alternative Fund by 122.8% in the first quarter. Altium Capital Management LLC now owns 54,723 shares of the company’s stock valued at $444,000 after acquiring an additional 30,164 shares during the last quarter. Absolute Investment Advisers LLC boosted its position in Destra Multi-Alternative Fund by 5.0% during the first quarter. Absolute Investment Advisers LLC now owns 273,696 shares of the company’s stock valued at $2,220,000 after purchasing an additional 13,117 shares during the last quarter. Alpine Global Management LLC grew its stake in Destra Multi-Alternative Fund by 19.4% in the fourth quarter. Alpine Global Management LLC now owns 37,074 shares of the company’s stock valued at $333,000 after purchasing an additional 6,018 shares in the last quarter. IHT Wealth Management LLC grew its stake in 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 in the last quarter. Finally, Evolve Private Wealth LLC acquired a new position in shares of Destra Multi-Alternative Fund during the 4th quarter worth approximately $461,000.

Destra Multi-Alternative Fund Stock Performance

Shares of Destra Multi-Alternative Fund stock traded up $0.04 during trading on Thursday, reaching $7.64. The stock had a trading volume of 6,688 shares, compared to its average volume of 29,035. The stock has a fifty day moving average price of $7.41 and a two-hundred day moving average price of $8.17. 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.