Ares Acquisition Co. II (NYSE:AACT - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $11.05 and last traded at $11.04, with a volume of 10427 shares trading hands. The stock had previously closed at $11.04.
Ares Acquisition Co. II Price Performance
The company's 50 day moving average is $10.99 and its 200 day moving average is $10.88.
Hedge Funds Weigh In On Ares Acquisition Co. II
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC bought a new position in Ares Acquisition Co. II in the 4th quarter valued at approximately $1,110,000. Wolverine Asset Management LLC lifted its stake in Ares Acquisition Co. II by 448.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 686,939 shares of the company's stock valued at $7,440,000 after purchasing an additional 561,796 shares during the last quarter. Jane Street Group LLC bought a new position in Ares Acquisition Co. II in the 4th quarter valued at approximately $883,000. Berkley W R Corp lifted 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 last quarter. Finally, Virtu Financial LLC lifted its stake in Ares Acquisition Co. II by 4.2% in the 4th quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock valued at $249,000 after purchasing an additional 914 shares during the last quarter. Institutional investors 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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