Destra Multi-Alternative Fund (NYSE:DMA) Short Interest Down 34.7% in May

Destra Multi-Alternative Fund (NYSE:DMA) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 7,700 shares, a drop of 34.7% from the May 15th total of 11,800 shares. Based on an average trading volume of 23,500 shares, the short-interest ratio is currently 0.3 days.

Destra Multi-Alternative Fund Price Performance

Shares of DMA stock traded up $0.04 during midday trading on Friday, reaching $7.51. 9,300 shares of the company traded hands, compared to its average volume of 30,181. The firm’s 50 day simple moving average is $7.31 and its two-hundred day simple moving average is $7.08. Destra Multi-Alternative Fund has a 1-year low of $4.78 and a 1-year high of $8.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC raised its position in shares of Destra Multi-Alternative Fund by 20.2% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 64,576 shares of the company’s stock worth $505,000 after purchasing an additional 10,872 shares during the last quarter. Nomura Holdings Inc. acquired a new position in Destra Multi-Alternative Fund in the 4th quarter valued at $83,000. Quarry LP raised its holdings in Destra Multi-Alternative Fund by 74.4% in the 4th quarter. Quarry LP now owns 157,100 shares of the company’s stock valued at $979,000 after acquiring an additional 67,000 shares during the last quarter. Bulldog Investors LLP raised its holdings 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 valued at $1,349,000 after acquiring an additional 48,598 shares during the last quarter. Finally, Matisse Capital raised its holdings in Destra Multi-Alternative Fund by 47.5% in the 4th quarter. Matisse Capital now owns 395,307 shares of the company’s stock valued at $2,463,000 after acquiring an additional 127,307 shares during the last quarter.

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.