Destra Multi-Alternative Fund (NYSE:DMA – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 7,000 shares, a decline of 26.3% from the July 31st total of 9,500 shares. Based on an average trading volume of 38,200 shares, the short-interest ratio is currently 0.2 days.
Destra Multi-Alternative Fund Price Performance
NYSE DMA opened at $8.29 on Friday. The stock’s fifty day moving average is $8.18 and its two-hundred day moving average is $7.70. Destra Multi-Alternative Fund has a fifty-two week low of $5.69 and a fifty-two week high of $8.56.
Insider Transactions at Destra Multi-Alternative Fund
In other news, major shareholder Saba Capital Management, L.P. purchased 8,757 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were purchased at an average cost of $8.04 per share, with a total value of $70,406.28. Following the completion of the purchase, the insider now directly owns 1,272,376 shares of the company’s stock, valued at approximately $10,229,903.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought 370,988 shares of company stock valued at $3,071,652 over the last ninety days.
Hedge Funds Weigh In On Destra Multi-Alternative Fund
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.
Recommended Stories
- Five stocks we like better than Destra Multi-Alternative Fund
- What Does Downgrade Mean in Investing?
- Does A&F’s Q2 Earnings Win Point to a Strong Holiday Season?
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Best Buy Stock Flashes Bullish Signal, Challenges Remain
- What is a Bond Market Holiday? How to Invest and Trade
- Affirm Shows Buy-Now-Pay-Later Is Here to Stay in Latest Results
Receive News & Ratings for Destra Multi-Alternative Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Destra Multi-Alternative Fund and related companies with MarketBeat.com's FREE daily email newsletter.