Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Down 59.2% in July

Destra Multi-Alternative Fund (NYSE:DMA) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 4,873 shares, a decline of 59.2% from the July 15th total of 11,945 shares. Based on an average daily trading volume, of 21,989 shares, the short-interest ratio is presently 0.2 days.

Destra Multi-Alternative Fund Price Performance

NYSE DMA traded down $0.16 on Friday, reaching $7.58. The stock had a trading volume of 51,005 shares, compared to its average volume of 27,079. Destra Multi-Alternative Fund has a 12-month low of $6.94 and a 12-month high of $9.15. The business’s 50-day moving average price is $7.59 and its 200 day moving average price is $7.88.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

A number of institutional investors have recently modified their holdings of the business. LPL Financial LLC raised its position in Destra Multi-Alternative Fund by 3.7% in the 4th quarter. LPL Financial LLC now owns 54,838 shares of the company’s stock valued at $492,000 after purchasing an additional 1,953 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Destra Multi-Alternative Fund during the 2nd quarter worth $25,000. Osaic Holdings Inc. grew its position 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 last quarter. Raymond James Financial Inc. purchased a new position in Destra Multi-Alternative Fund during the 2nd quarter worth $50,000. Finally, Cetera Investment Advisers increased its stake in 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 during the period.

Destra Multi-Alternative Fund Company Profile

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.