Destra Multi-Alternative Fund (NYSE:DMA – Get Free Report) was the target of a large increase in short interest in 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 daily volume of 35,400 shares, the short-interest ratio is presently 0.3 days.
Insiders Place Their Bets
In related news, major shareholder Saba Capital Management, L.P. bought 47,515 shares of the stock in a transaction on Wednesday, July 24th. The shares were acquired at an average price of $8.32 per share, for a total transaction of $395,324.80. Following the purchase, the insider now owns 1,738,401 shares of the company’s stock, valued at $14,463,496.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 361,107 shares of company stock valued at $2,997,150.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of DMA. Blue Bell Private Wealth Management LLC increased its holdings in Destra Multi-Alternative Fund by 10.4% during the second quarter. Blue Bell Private Wealth Management LLC now owns 71,309 shares of the company’s stock valued at $575,000 after buying an additional 6,733 shares during the last quarter. Quarry LP grew its position in shares of Destra Multi-Alternative Fund by 5.8% during the 2nd quarter. Quarry LP now owns 178,636 shares of the company’s stock valued at $1,442,000 after acquiring an additional 9,762 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of Destra Multi-Alternative Fund in the 4th quarter worth $83,000. Sanctuary Advisors LLC bought a new position in Destra Multi-Alternative Fund in the 2nd quarter worth $383,000. Finally, Bulldog Investors LLP lifted its position in Destra Multi-Alternative Fund by 28.9% during the fourth quarter. Bulldog Investors LLP now owns 216,567 shares of the company’s stock valued at $1,349,000 after purchasing an additional 48,598 shares in the last quarter.
Destra Multi-Alternative Fund Price Performance
About Destra Multi-Alternative Fund
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.
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