Destra Multi-Alternative Fund (NYSE:DMA) Trading 0.1% Higher – Here’s Why

Destra Multi-Alternative Fund (NYSE:DMAGet Free Report)’s stock price was up 0.1% during trading on Monday . The stock traded as high as $8.78 and last traded at $8.74. Approximately 6,512 shares traded hands during trading, a decline of 78% from the average daily volume of 29,263 shares. The stock had previously closed at $8.73.

Destra Multi-Alternative Fund Price Performance

The stock’s 50-day moving average is $8.69 and its two-hundred day moving average is $8.69.

Institutional Investors Weigh In On Destra Multi-Alternative Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Matisse Capital grew its position in Destra Multi-Alternative Fund by 3.0% in the 2nd quarter. Matisse Capital now owns 407,000 shares of the company’s stock valued at $3,561,000 after acquiring an additional 11,693 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in shares of Destra Multi-Alternative Fund by 33.4% during the third quarter. Blue Bell Private Wealth Management LLC now owns 231,459 shares of the company’s stock valued at $2,000,000 after purchasing an additional 58,006 shares during the period. North Ground Capital bought a new position in Destra Multi-Alternative Fund in the third quarter worth approximately $510,000. Alpine Global Management LLC bought a new stake in shares of Destra Multi-Alternative Fund in the third quarter valued at about $268,000. Finally, Weaver Consulting Group lifted its position in shares of Destra Multi-Alternative Fund by 8.3% in the 3rd quarter. Weaver Consulting Group now owns 30,170 shares of the company’s stock worth $261,000 after purchasing an additional 2,300 shares during the period.

Destra Multi-Alternative Fund Company Profile

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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.

Further Reading

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