Destra Multi-Alternative Fund (DMA)
Destra Multi-Alternative Fund operates in the Asset Management industry of the Financial Services sector, headquartered in San Diego, MT, US. The stock last traded at $7.67, up 0.07% on the session, giving a market capitalisation of $68.7M. On trailing twelve-month figures it carries a trailing P/E of -47.91, a net margin of -19.1%. Its beta of 0.38 implies it has historically moved less than the broad market.
Managed by Pinhook Capital, LLC, this closed-end balanced mutual fund, known as the Multi-Strategy Growth & Income Fund, strategically invests in U.S. public equity and fixed-income markets. For its equity component, the fund primarily targets companies within the real estate sector, including Real Estate Investment Trusts (REITs), utilizing direct investments, other funds, and derivatives such as options, across all market capitalization ranges. The fixed-income portion encompasses structured notes, notes, bonds, and asset-backed securities. Its investment methodology combines fundamental and quantitative analysis, emphasizing investments that offer the highest expected income, robust capital appreciation potential, and relatively low volatility. This U.S.-domiciled fund commenced operations on June 3, 2011.
Destra Multi-Alternative Fund is most often compared with the following Financial Services names: