Decagon Asset Management LLP Invests $4.09 Million in Ares Acquisition Co. II (NYSE:AACT)

Decagon Asset Management LLP purchased a new stake in Ares Acquisition Co. II (NYSE:AACT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 372,395 shares of the company's stock, valued at approximately $4,089,000. Ares Acquisition Co. II accounts for approximately 1.5% of Decagon Asset Management LLP's investment portfolio, making the stock its 22nd biggest position. Decagon Asset Management LLP owned about 0.60% of Ares Acquisition Co. II at the end of the most recent reporting period.

Separately, FNY Investment Advisers LLC bought a new stake in shares of Ares Acquisition Co. II during the 4th quarter valued at $1,110,000. Institutional investors own 72.95% of the company's stock.

Ares Acquisition Co. II Stock Performance

Shares of NYSE:AACT remained flat at $11.19 during trading on Friday. The stock had a trading volume of 18,187 shares, compared to its average volume of 253,730. The business's 50 day moving average price is $11.06 and its 200 day moving average price is $10.94. Ares Acquisition Co. II has a 1 year low of $10.56 and a 1 year high of $11.20.

Ares Acquisition Co. II Company Profile

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.