Ares Acquisition Co. II (NYSE:AACT) Reaches New 52-Week High - Here's What Happened

Ares Acquisition Co. II (NYSE:AACT - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $11.07 and last traded at $11.06, with a volume of 116 shares changing hands. The stock had previously closed at $11.06.

Ares Acquisition Co. II Price Performance

The stock's 50-day moving average is $11.00 and its two-hundred day moving average is $10.90.

Institutional Investors Weigh In On Ares Acquisition Co. II

Hedge funds and other institutional investors have recently modified their holdings of the business. Toronto Dominion Bank bought a new position in Ares Acquisition Co. II in the 4th quarter valued at $21,519,000. D. E. Shaw & Co. Inc. increased its stake in 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 period. Bulldog Investors LLP increased its stake in Ares Acquisition Co. II by 54.9% in the 4th quarter. Bulldog Investors LLP now owns 523,243 shares of the company's stock worth $5,745,000 after buying an additional 185,556 shares during the period. Jane Street Group LLC bought a new stake in Ares Acquisition Co. II during the 4th quarter valued at about $883,000. Finally, Berkley W R Corp boosted its position 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 buying an additional 99,740 shares during the period. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

About Ares Acquisition Co. II

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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