Destra Multi-Alternative Fund (NYSE:DMA – Get Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 5,439 shares, a growth of 139.2% from the April 30th total of 2,274 shares. Based on an average daily trading volume, of 27,948 shares, the short-interest ratio is presently 0.2 days.
Institutional Investors Weigh In On Destra Multi-Alternative Fund
Several institutional investors have recently modified their holdings of DMA. Closed End Fund Advisors Inc. purchased a new stake in shares of Destra Multi-Alternative Fund during the 4th quarter worth $1,801,000. Evolve Private Wealth LLC purchased a new stake in shares of Destra Multi-Alternative Fund during the 4th quarter worth $461,000. Noble Wealth Management PBC lifted its position in shares of Destra Multi-Alternative Fund by 32.6% during the 4th quarter. Noble Wealth Management PBC now owns 191,346 shares of the company’s stock worth $1,716,000 after purchasing an additional 47,000 shares during the last quarter. Alpine Global Management LLC purchased a new stake in shares of Destra Multi-Alternative Fund during the 3rd quarter worth $268,000. Finally, Altium Capital Management LLC lifted its position in shares of 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 last quarter.
Destra Multi-Alternative Fund Stock Performance
DMA stock traded up $0.33 during midday trading on Monday, hitting $7.54. The company’s stock had a trading volume of 26,515 shares, compared to its average volume of 31,723. Destra Multi-Alternative Fund has a 52-week low of $6.94 and a 52-week high of $9.15. The firm has a 50-day simple moving average of $7.65 and a 200-day simple moving average of $8.37.
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.
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