iShares Diversified Alternatives Trust (NYSEARCA:ALT) Posts Earnings Results, Misses Expectations By $0.01 EPS
iShares Diversified Alternatives Trust (NYSEARCA:ALT) posted its quarterly earnings data on Tuesday. The company reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.01), Fidelity Earnings reports. The firm had revenue of $1.63 million during the quarter, compared to analysts’ expectations of $2.41 million.
ALT stock traded down $0.08 during midday trading on Wednesday, reaching $2.09. The stock had a trading volume of 64,078 shares, compared to its average volume of 865,150. The firm has a fifty day simple moving average of $2.35. iShares Diversified Alternatives Trust has a 52-week low of $1.70 and a 52-week high of $36.25.
Separately, Roth Capital began coverage on iShares Diversified Alternatives Trust in a research note on Friday, July 19th. They issued a “buy” rating and a $8.30 target price for the company.
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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