Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Up 36.8% in September

Destra Multi-Alternative Fund (NYSE:DMA) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 10,400 shares, an increase of 36.8% from the August 31st total of 7,600 shares. Based on an average trading volume of 35,400 shares, the short-interest ratio is presently 0.3 days.

Insider Activity

In other Destra Multi-Alternative Fund news, major shareholder Saba Capital Management, L.P. acquired 43,268 shares of the company’s stock in a transaction on Friday, July 5th. The stock was acquired at an average price of $8.00 per share, for a total transaction of $346,144.00. Following the acquisition, the insider now owns 1,315,744 shares in the company, valued at approximately $10,525,952. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders bought 361,107 shares of company stock valued at $2,997,150.

Institutional Investors Weigh In On Destra Multi-Alternative Fund

Several hedge funds have recently made changes to their positions in the company. Nomura Holdings Inc. purchased a new stake in Destra Multi-Alternative Fund in the fourth quarter worth about $83,000. Sanctuary Advisors LLC bought a new position in shares of Destra Multi-Alternative Fund during the second quarter valued at $383,000. Blue Bell Private Wealth Management LLC raised its position in shares of Destra Multi-Alternative Fund by 10.4% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 71,309 shares of the company’s stock worth $575,000 after purchasing an additional 6,733 shares during the last quarter. Quarry LP raised its position in shares of Destra Multi-Alternative Fund by 74.4% in the 4th quarter. Quarry LP now owns 157,100 shares of the company’s stock worth $979,000 after purchasing an additional 67,000 shares during the last quarter. Finally, Bulldog Investors LLP boosted its stake in Destra Multi-Alternative Fund by 28.9% in the 4th quarter. Bulldog Investors LLP now owns 216,567 shares of the company’s stock worth $1,349,000 after purchasing an additional 48,598 shares in the last quarter.

Destra Multi-Alternative Fund Stock Performance

Destra Multi-Alternative Fund stock traded up $0.04 during trading hours on Friday, hitting $8.69. 803 shares of the stock traded hands, compared to its average volume of 31,293. Destra Multi-Alternative Fund has a one year low of $5.70 and a one year high of $8.74. The firm’s 50-day moving average price is $8.34 and its two-hundred day moving average price is $7.83.

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.