iShares Diversified Alternatives Trust (NYSEARCA:ALT) CEO Buys $42,000.00 in Stock

iShares Diversified Alternatives Trust (NYSEARCA:ALT) CEO Vipin K. Garg acquired 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $2.10 per share, with a total value of $42,000.00. Following the transaction, the chief executive officer now directly owns 342,907 shares in the company, valued at approximately $720,104.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NYSEARCA ALT traded down $0.04 during trading hours on Friday, hitting $2.02. 147,427 shares of the company’s stock were exchanged, compared to its average volume of 791,563. iShares Diversified Alternatives Trust has a 1-year low of $1.70 and a 1-year high of $36.25. The company’s 50-day moving average price is $2.19 and its 200-day moving average price is $2.57.

iShares Diversified Alternatives Trust (NYSEARCA:ALT) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The company had revenue of $1.63 million during the quarter, compared to analyst estimates of $2.41 million.

Separately, Roth Capital began coverage on iShares Diversified Alternatives Trust in a research report on Friday, July 19th. They set a “buy” rating and a $8.30 price objective for the company.

iShares Diversified Alternatives Trust Company Profile

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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