Street Calls of the Week
Saba Capital Management, L.P., a ten percent owner of Destra Multi-Alternative Fund (NYSE:DMA), reported purchasing 27,923 shares of common stock on September 5, 2025, at a price of $8.57, for a total transaction value of $239,300. The stock currently trades at $8.60, offering an attractive dividend yield of ~11.5% and has gained 7.35% year-to-date. According to InvestingPro analysis, the fund shows a weak financial health score of 0.88.
Following the transaction, Saba Capital Management, L.P. and Weinstein Boaz, also a ten percent owner, now beneficially own 2,166,195 shares of Destra Multi-Alternative Fund. The stock is currently trading near its 52-week high of $9.16, showing strong momentum despite broader market volatility.
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