Destra Multi-Alternative Fund (NYSE:DMA) Shares Shorted: Short Interest Down 73.5% in October

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 4,929 shares, a drop of 73.5% from the October 15th total of 18,582 shares. Based on an average daily trading volume, of 31,008 shares, the short-interest ratio is presently 0.2 days.

Destra Multi-Alternative Fund Stock Up 0.5%

Shares of NYSE DMA traded up $0.04 during midday trading on Friday, hitting $6.99. The stock had a trading volume of 37,095 shares, compared to its average volume of 25,277. Destra Multi-Alternative Fund has a fifty-two week low of $6.94 and a fifty-two week high of $9.15. The company’s 50-day simple moving average is $7.34 and its 200 day simple moving average is $7.71.

Destra Multi-Alternative Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 18th will be issued a $0.1150 dividend. The ex-dividend date is Friday, December 18th. This represents a $1.38 annualized dividend and a yield of 19.8%.

Institutional Trading of Destra Multi-Alternative Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DMA. Weaver Consulting Group bought a new stake in Destra Multi-Alternative Fund during the 3rd quarter worth about $79,000. E6 Portfolios LLC boosted its stake in shares of Destra Multi-Alternative Fund by 110.1% in the 3rd quarter. E6 Portfolios LLC now owns 34,737 shares of the company’s stock valued at $262,000 after purchasing an additional 18,203 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Destra Multi-Alternative Fund by 28.4% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 39,973 shares of the company’s stock valued at $283,000 after purchasing an additional 8,833 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its position in shares of Destra Multi-Alternative Fund by 5.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 275,344 shares of the company’s stock worth $2,076,000 after buying an additional 13,755 shares during the period. Finally, Atlas Wealth LLC grew its position in shares of Destra Multi-Alternative Fund by 12.5% during the 3rd quarter. Atlas Wealth LLC now owns 1,224,799 shares of the company’s stock worth $9,235,000 after buying an additional 135,637 shares during the period.

Destra Multi-Alternative Fund Company Profile

Destra Multi-Alternative Fund is a closed-end investment fund listed on the New York Stock Exchange. Rather than operating a business that sells products or services, it seeks to provide investors with exposure to alternative investment strategies through a managed portfolio. The fund invests in alternative investment vehicles and strategies, which may include private markets and other assets that are less commonly held in traditional stock-and-bond portfolios. Its holdings and allocations can change over time.