Destra Multi-Alternative Fund (NYSE:DMA) Trading 0.1% Higher – Still a Buy?

Shares of Destra Multi-Alternative Fund (NYSE:DMA) were up 0.1% during mid-day trading on Wednesday . The company traded as high as $7.76 and last traded at $7.67. Approximately 7,360 shares traded hands during trading, a decline of 73% from the average daily volume of 27,003 shares. The stock had previously closed at $7.66.

Destra Multi-Alternative Fund Stock Performance

The company has a 50 day simple moving average of $7.59 and a 200 day simple moving average of $7.88.

Institutional Investors Weigh In On Destra Multi-Alternative Fund

Institutional investors have recently bought and sold shares of the business. Altium Capital Management LLC boosted its position in Destra Multi-Alternative Fund by 122.8% during the 1st quarter. Altium Capital Management LLC now owns 54,723 shares of the company’s stock worth $444,000 after purchasing an additional 30,164 shares during the period. Absolute Investment Advisers LLC lifted its position in Destra Multi-Alternative Fund by 5.0% during the 1st quarter. Absolute Investment Advisers LLC now owns 273,696 shares of the company’s stock worth $2,220,000 after acquiring an additional 13,117 shares in the last quarter. Alpine Global Management LLC boosted its holdings in Destra Multi-Alternative Fund by 19.4% in the 4th quarter. Alpine Global Management LLC now owns 37,074 shares of the company’s stock worth $333,000 after acquiring an additional 6,018 shares during the period. IHT Wealth Management LLC raised its stake in shares of Destra Multi-Alternative Fund by 22.9% during 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 period. Finally, Evolve Private Wealth LLC acquired a new position in shares of Destra Multi-Alternative Fund during the fourth quarter worth $461,000.

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.