iShares Diversified Alternatives Trust (ALT) Now Covered by Analysts at Piper Jaffray Companies

Piper Jaffray Companies began coverage on shares of iShares Diversified Alternatives Trust (NYSEARCA:ALT) in a research report report published on Monday. The brokerage issued an overweight rating and a $6.00 price target on the stock.

Shares of iShares Diversified Alternatives Trust (NYSEARCA:ALT) opened at 2.59 on Monday. The firm’s 50-day moving average price is $2.40 and its 200 day moving average price is $2.99. iShares Diversified Alternatives Trust has a 1-year low of $0.63 and a 1-year high of $35.00.

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In related news, Director Derace L. Schaffer purchased 67,326 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average price of $2.25 per share, with a total value of $151,483.50. Following the completion of the acquisition, the director now directly owns 171,704 shares in the company, valued at approximately $386,334. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Derace L. Schaffer purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average cost of $2.21 per share, for a total transaction of $110,500.00. Following the acquisition, the director now owns 105,068 shares of the company’s stock, valued at $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 i

Shares of iShares Diversified Alternatives Trust (NYSEARCA:ALT) opened at 2.59 on Monday. The firm’s 50-day moving average price is $2.40 and its 200 day moving average price is $2.99. iShares Diversified Alternatives Trust has a 1-year low of $0.63 and a 1-year high of $35.00.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/10/ishares-diversified-alternatives-trust-alt-now-covered-by-analysts-at-piper-jaffray-companies.html.

In related news, Director Derace L. Schaffer purchased 67,326 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average price of $2.25 per share, with a total value of $151,483.50. Following the completion of the acquisition, the director now directly owns 171,704 shares in the company, valued at approximately $386,334. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Derace L. Schaffer purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average cost of $2.21 per share, for a total transaction of $110,500.00. Following the acquisition, the director now owns 105,068 shares of the company’s stock, valued at $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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