Kepos Capital LP reduced its position in Ares Acquisition Co. II (NYSE:AACT - Free Report) by 90.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,000 shares of the company's stock after selling 340,000 shares during the quarter. Ares Acquisition Co. II makes up approximately 0.4% of Kepos Capital LP's portfolio, making the stock its 21st biggest position. Kepos Capital LP owned 0.06% of Ares Acquisition Co. II worth $384,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of AACT. FNY Investment Advisers LLC purchased a new stake in shares of Ares Acquisition Co. II during the fourth quarter worth $1,110,000. Decagon Asset Management LLP purchased a new stake in Ares Acquisition Co. II during the 4th quarter worth about $4,089,000. Finally, Wolverine Asset Management LLC increased its holdings in Ares Acquisition Co. II by 17.7% during the 4th quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company's stock worth $8,878,000 after purchasing an additional 121,655 shares during the period. 72.95% of the stock is currently owned by hedge funds and other institutional investors.
Ares Acquisition Co. II Stock Performance
Shares of AACT traded down $0.01 during midday trading on Tuesday, hitting $11.17. The company had a trading volume of 59,831 shares, compared to its average volume of 252,827. Ares Acquisition Co. II has a 1 year low of $10.56 and a 1 year high of $11.20. The company's 50-day simple moving average is $11.06 and its 200-day simple moving average is $10.95.
Ares Acquisition Co. II Profile
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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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