Ares Acquisition Co. II (NYSE:AACT - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $11.22 and last traded at $11.17, with a volume of 3859314 shares. The stock had previously closed at $11.18.
Ares Acquisition Co. II Stock Performance
The business's 50 day simple moving average is $11.13 and its 200 day simple moving average is $11.00.
Hedge Funds Weigh In On Ares Acquisition Co. II
Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC lifted its holdings 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 acquiring an additional 914 shares during the period. FNY Investment Advisers LLC raised its stake in shares of Ares Acquisition Co. II by 10.4% in the first quarter. FNY Investment Advisers LLC now owns 111,638 shares of the company's stock valued at $1,244,000 after acquiring an additional 10,538 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings 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 acquiring an additional 61,500 shares in the last quarter. Jane Street Group LLC acquired a new stake in Ares Acquisition Co. II during the 4th quarter valued at $883,000. Finally, Berkley W R Corp boosted its stake in Ares Acquisition Co. II by 6.6% in the fourth quarter. Berkley W R Corp now owns 1,608,763 shares of the company's stock worth $17,664,000 after purchasing an additional 99,740 shares in the last quarter. Institutional investors own 72.95% of the company's stock.
About Ares Acquisition Co. II
(
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Ares Acquisition Corp. II is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on March 15, 2021 and is headquartered in New York, NY.
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