Shares of iShares Diversified Alternatives Trust (NYSEARCA:ALT) shot up 7% during trading on Monday . The stock traded as high as $2.97 and last traded at $2.89. 765,056 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 1,281,399 shares. The stock had previously closed at $2.70.
About iShares Diversified Alternatives Trust (NYSEARCA:ALT)
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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