Piper Jaffray Companies began coverage on shares of iShares Diversified Alternatives Trust (NYSEARCA:ALT) in a report released on Monday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $6.00 price objective on the stock.
Shares of iShares Diversified Alternatives Trust (ALT) opened at 2.56 on Monday. iShares Diversified Alternatives Trust has a 1-year low of $0.63 and a 1-year high of $35.00. The firm’s market cap is $39.48 million. The company’s 50 day moving average price is $2.44 and its 200-day moving average price is $2.98.
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In related news, Director Derace L. Schaffer purchased 67,326 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was bought at an average price of $2.25 per share, for a total transaction of $151,483.50. Following the purchase, the director now owns 171,704 shares in the company, valued at approximately $386,334. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Derace L. Schaffer purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average price of $2.21 per share, with a total value of $110,500.00. Following the purchase, the director now owns 105,068 shares in the company, valued at approximately $232,200.28. The disclosure for this purchase can be found here.
About iShares Diversified Alternatives Trust
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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