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Ares Acquisition Co. II (NYSE:AACT) Reaches New 1-Year High - Here's What Happened

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Ares Acquisition Co. II (NYSE:AACT - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $11.12 and last traded at $11.07, with a volume of 216 shares trading hands. The stock had previously closed at $11.07.

Ares Acquisition Co. II Price Performance

The stock's 50 day moving average is $11.02 and its two-hundred day moving average is $10.91.

Institutional Trading of Ares Acquisition Co. II

Hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank acquired a new position in shares of Ares Acquisition Co. II during the fourth quarter valued at $21,519,000. Wolverine Asset Management LLC lifted its position in Ares Acquisition Co. II by 448.9% during 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 period. Decagon Asset Management LLP bought a new position in shares of Ares Acquisition Co. II in the 4th quarter valued at about $4,089,000. Mizuho Securities USA LLC bought a new position in Ares Acquisition Co. II in the fourth quarter valued at approximately $3,534,000. Finally, Bulldog Investors LLP raised its position in shares of Ares Acquisition Co. II by 54.9% during the 4th quarter. Bulldog Investors LLP now owns 523,243 shares of the company's stock valued at $5,745,000 after acquiring an additional 185,556 shares during the last quarter. 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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