Ares Acquisition Co. II (NYSE:AACT - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $11.20 and last traded at $11.15, with a volume of 135761 shares. The stock had previously closed at $11.16.
Ares Acquisition Co. II Stock Up 0.0 %
The firm has a fifty day simple moving average of $11.05 and a 200-day simple moving average of $10.94.
Hedge Funds Weigh In On Ares Acquisition Co. II
A number of hedge funds have recently added to or reduced their stakes in AACT. Virtu Financial LLC lifted its position in shares of Ares Acquisition Co. II by 4.2% during the fourth quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock valued at $249,000 after purchasing an additional 914 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Ares Acquisition Co. II by 2.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company's stock worth $27,176,000 after buying an additional 61,500 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Ares Acquisition Co. II in the fourth quarter valued at approximately $883,000. Berkley W R Corp grew its stake in Ares Acquisition Co. II by 6.6% in the 4th quarter. Berkley W R Corp now owns 1,608,763 shares of the company's stock valued at $17,664,000 after purchasing an additional 99,740 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Ares Acquisition Co. II during the 4th quarter valued at $1,110,000. Institutional investors and hedge funds own 72.95% of the company's stock.
Ares Acquisition Co. II Company Profile
(
Get Free Report)
Ares Acquisition Corp. II is a blank check company which engages in effecting a merger, share exchange, asset acquisition, share purchase, and reorganization or similar business combination. The company was founded on March 15, 2021 and is headquartered in New York, NY.
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