Ares Acquisition Co. II (NYSE:AACT - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $11.00 and last traded at $11.00, with a volume of 133 shares changing hands. The stock had previously closed at $10.97.
Ares Acquisition Co. II Trading Down 0.1 %
The stock has a 50-day moving average price of $10.90 and a two-hundred day moving average price of $10.80.
Hedge Funds Weigh In On Ares Acquisition Co. II
Hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC boosted 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 acquiring an additional 561,796 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Ares Acquisition Co. II during the 2nd quarter worth about $5,335,000. Berkley W R Corp lifted its position in shares of Ares Acquisition Co. II by 627.4% during the 2nd quarter. Berkley W R Corp now owns 1,509,023 shares of the company's stock valued at $16,101,000 after buying an additional 1,301,567 shares in the last quarter. Finally, Virtu Financial LLC grew its position in shares of Ares Acquisition Co. II by 7.6% in the second quarter. Virtu Financial LLC now owns 118,148 shares of the company's stock valued at $1,261,000 after purchasing an additional 8,324 shares during the period. Institutional investors own 72.95% of the company's stock.
About Ares Acquisition Co. II
(
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Ares Acquisition Corporation II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Ares Acquisition Corporation II was incorporated in 2021 and is based in New York, New York.
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