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

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

Destra Multi-Alternative Fund Price Performance

Shares of NYSE:DMA opened at $7.60 on Friday. Destra Multi-Alternative Fund has a 12-month low of $6.94 and a 12-month high of $9.15. The business has a 50-day moving average price of $7.60 and a 200 day moving average price of $7.78.

Institutional Investors Weigh In On Destra Multi-Alternative Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. acquired a new stake in Destra Multi-Alternative Fund in the 2nd quarter valued at approximately $25,000. Raymond James Financial Inc. purchased a new position in Destra Multi-Alternative Fund during the 2nd quarter valued at about $50,000. Cetera Investment Advisers grew its holdings in shares of Destra Multi-Alternative Fund by 52.2% in the fourth quarter. Cetera Investment Advisers now owns 17,348 shares of the company’s stock valued at $156,000 after purchasing an additional 5,952 shares in the last quarter. Altium Capital Management LLC purchased a new stake in shares of Destra Multi-Alternative Fund during the fourth quarter worth $220,000. Finally, Osaic Holdings Inc. increased its holdings in Destra Multi-Alternative Fund by 19.4% during the 2nd quarter. Osaic Holdings Inc. now owns 29,025 shares of the company’s stock worth $254,000 after purchasing an additional 4,716 shares during the period.

About Destra Multi-Alternative Fund

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.