Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Up 108.0% in February

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 20,800 shares, a growth of 108.0% from the February 13th total of 10,000 shares. Based on an average daily volume of 30,200 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. K2 Principal Fund L.P. acquired a new stake in Destra Multi-Alternative Fund in the 4th quarter valued at about $121,000. Weaver Consulting Group bought a new stake in shares of Destra Multi-Alternative Fund in the 4th quarter worth approximately $185,000. Chicago Partners Investment Group LLC lifted its stake in Destra Multi-Alternative Fund by 2.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 48,405 shares of the company’s stock valued at $410,000 after purchasing an additional 1,344 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in Destra Multi-Alternative Fund by 3.4% during the third quarter. Sanctuary Advisors LLC now owns 49,054 shares of the company’s stock worth $437,000 after buying an additional 1,625 shares in the last quarter. Finally, Quarry LP grew its position in Destra Multi-Alternative Fund by 25.4% in the fourth quarter. Quarry LP now owns 223,888 shares of the company’s stock worth $1,894,000 after buying an additional 45,385 shares during the last quarter.

Destra Multi-Alternative Fund Stock Performance

NYSE DMA traded up $0.02 on Friday, reaching $8.60. 2,931 shares of the stock traded hands, compared to its average volume of 25,988. Destra Multi-Alternative Fund has a 12 month low of $6.93 and a 12 month high of $9.16. The firm’s fifty day simple moving average is $8.59 and its 200 day simple moving average is $8.65.

Destra Multi-Alternative Fund Cuts Dividend

The company also recently announced a — dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a dividend of $0.0725 per share. The ex-dividend date is Monday, May 19th. This represents a yield of 3.2%.

Destra Multi-Alternative Fund Company Profile

Multi-Strategy Growth & Income Fund is a closed ended balanced mutual fund launched and managed by Pinhook Capital, LLC. It invests in public equity and fixed income markets of the United States. For its equity portion, the fund primarily invests directly, in other funds, and through derivatives such as options to invest in stocks of companies operating in the real estate sector, including real estate investment trusts.