Ares Acquisition Co. II (NYSE:AACT - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $11.22 and last traded at $11.21, with a volume of 1163 shares trading hands. The stock had previously closed at $11.22.
Ares Acquisition Co. II Stock Up 0.3 %
The business has a 50 day moving average of $11.14 and a 200 day moving average of $11.01.
Institutional Investors Weigh In On Ares Acquisition Co. II
Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC lifted its holdings in Ares Acquisition Co. II by 4.2% in the fourth quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock worth $249,000 after buying an additional 914 shares during the period. FNY Investment Advisers LLC raised its position in shares of Ares Acquisition Co. II by 10.4% in the 1st quarter. FNY Investment Advisers LLC now owns 111,638 shares of the company's stock worth $1,244,000 after acquiring an additional 10,538 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position 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 purchased a new stake in Ares Acquisition Co. II in the fourth quarter worth $883,000. Finally, Berkley W R Corp raised its holdings 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. 72.95% of the stock is owned by hedge funds and other institutional investors.
About Ares Acquisition Co. II
(
Get Free Report)
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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