Insider Purchase by Saba Capital Management, L.P. (10%)
Trade Summary
11 months ago, Saba Capital Management, L.P., serving as 10% owner at Destra Multi-Alternative Fund (DMA), purchased 138,416 shares at $8.56 per share, for a total transaction value of $1,185,503.00. Following this transaction, Saba Capital Management, L.P. now holds 2,096,470 shares of DMA.
This purchase represents a 7.00% increase in Saba Capital Management, L.P.'s stake in the company. This is considered a high-conviction trade given the significant change in ownership.
The trade was executed on Monday, July 28, 2025 and publicly disclosed via SEC Form 4 filing on Wednesday, July 30, 2025 at 5:00 PM ET, 2 days after the trade was made.
Destra Multi-Alternative Fund operates in the FINANCIAL SERVICES sector, specifically within the ASSET MANAGEMENT industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.
Trade Price
$8.56
Quantity
138,416
Total Value
$1,185,503.00
Shares Owned
2,096,470
Trade Date
344 days ago
SEC Filing Date
at 5:00 PM ET
Filed 2 days after trade
Discussion