Wolverine Asset Management LLC Grows Position in Ares Acquisition Co. II (NYSE:AACT)

Wolverine Asset Management LLC boosted its stake in shares of Ares Acquisition Co. II (NYSE:AACT - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 808,594 shares of the company's stock after buying an additional 121,655 shares during the quarter. Wolverine Asset Management LLC owned approximately 1.29% of Ares Acquisition Co. II worth $8,878,000 as of its most recent SEC filing.

Separately, FNY Investment Advisers LLC purchased a new position in Ares Acquisition Co. II in the 4th quarter valued at approximately $1,110,000. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

Ares Acquisition Co. II Stock Performance

Shares of NYSE:AACT traded up $0.01 during midday trading on Tuesday, reaching $11.07. 790 shares of the company traded hands, compared to its average volume of 115,375. The firm's fifty day moving average price is $11.00 and its two-hundred day moving average price is $10.90. Ares Acquisition Co. II has a 12 month low of $10.48 and a 12 month high of $11.09.

About Ares Acquisition Co. II

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.