iShares Diversified Alternatives Trust (NYSEARCA:ALT) Director Derace L. Schaffer purchased 58,711 shares of the firm’s stock in a transaction on Friday, December 28th. The stock was bought at an average price of $1.92 per share, for a total transaction of $112,725.12. Following the purchase, the director now owns 550,754 shares in the company, valued at $1,057,447.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
iShares Diversified Alternatives Trust has a one year low of $49.37 and a one year high of $54.24.
Separately, Piper Jaffray Companies initiated coverage on shares of iShares Diversified Alternatives Trust in a report on Monday, October 9th. They issued an “overweight” rating and a $6.00 target price on the stock.
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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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