iShares Diversified Alternatives Trust (NYSEARCA:ALT) dropped 8.5% during trading on Thursday . The stock traded as low as $1.52 and last traded at $1.61, approximately 573,700 shares traded hands during trading. A decline of 10% from the average daily volume of 638,968 shares. The stock had previously closed at $1.76.
ALT has been the subject of several analyst reports. Zacks Investment Research downgraded iShares Diversified Alternatives Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Roth Capital initiated coverage on iShares Diversified Alternatives Trust in a report on Friday, July 19th. They set a “buy” rating and a $8.30 target price for the company.
The firm has a 50 day moving average of $1.94 and a 200-day moving average of $2.26.
In other news, CEO Vipin K. Garg purchased 20,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost of $2.10 per share, with a total value of $42,000.00. Following the purchase, the chief executive officer now directly owns 342,907 shares of the company’s stock, valued at $720,104.70. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.
iShares Diversified Alternatives Trust Company Profile (NYSEARCA:ALT)
iShares Diversified Alternatives Trust (the Trust) is a commodity pool. The investment objective of the Trust is to maximize absolute returns from its investments in certain futures and/or forward contracts. The Trust holds long and/or short positions in foreign currency forward contracts and exchange-traded futures contracts involving assets, such as commodities, currencies, interest rates or certain eligible stock and/or bond indices.
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