Saba Capital Buys 27,923 Shares in Destra Multi-Alternative Fund

Destra Multi-Alternative Fund (DMA) has announced that Saba Capital Management, L.P., a 10% owner of the company, has acquired 27,923 shares at a price of $8.57 per share on September 5, 2025.

Destra Multi-Alternative Fund (DMA), listed on the New York Stock Exchange, has seen significant institutional buying activity recently. On September 5, 2025, Saba Capital Management, L.P., a notable 10% shareholder of the company, acquired an additional 27,923 shares at a price of $8.57 per share. This move comes amidst recent market volatility and a downward trend in the stock's price.

According to filings with the Securities and Exchange Commission (SEC), Saba Capital Management's latest purchase adds to its existing holdings, which are now significantly larger than previously reported. The total number of shares owned by Saba Capital Management has increased to 1,935,159 shares, up from 1,907,236 shares as of July 30, 2025 [1].

The stock price of Destra Multi-Alternative Fund has been fluctuating within a narrow range, with recent movements indicating a downward trend. On September 5, 2025, the stock price fell by -0.116%, from $8.61 to $8.60. This decline follows a period of four consecutive days of falling prices, with a total loss of -0.69% over the last two weeks [2]. The increased volume of shares traded on September 5, 2025, may suggest a potential early warning sign of further price drops.

The Fund Sentiment Score, a metric used to gauge institutional buying activity, has shown that Destra Multi-Alternative Fund is being accumulated by funds. The score, which ranges from 0 to 100, indicates that the fund is experiencing a higher level of institutional buying compared to its peers [1].

Despite the recent buying activity by Saba Capital Management, the overall institutional sentiment remains mixed. The put/call ratio, which measures the number of put options relative to call options, indicates a slight positive sentiment, suggesting that while some institutional investors are bullish, others are hedging their bets with put options [1].

In summary, while Destra Multi-Alternative Fund has seen significant institutional buying from Saba Capital Management, the stock's recent price movements and overall institutional sentiment suggest a period of uncertainty. Investors should closely monitor the fund's performance and institutional holdings for further insights into its future prospects.

References:
[1] https://fintel.io/so/us/dma
[2] https://stockinvest.us/stock/DMA