Ares Acquisition Co. II (NYSE:AACT - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $11.27 and last traded at $11.25, with a volume of 436 shares. The stock had previously closed at $11.26.
Ares Acquisition Co. II Price Performance
The business's 50 day moving average is $11.16 and its 200-day moving average is $11.02.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC lifted its position in shares of Ares Acquisition Co. II by 10.4% during the 1st quarter. FNY Investment Advisers LLC now owns 111,638 shares of the company's stock worth $1,244,000 after buying an additional 10,538 shares during the last quarter. Toronto Dominion Bank purchased a new stake in Ares Acquisition Co. II in the 4th quarter valued at $21,519,000. D. E. Shaw & Co. Inc. raised its position in Ares Acquisition Co. II by 2.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company's stock valued at $27,176,000 after purchasing an additional 61,500 shares during the last quarter. Bulldog Investors LLP raised its position in Ares Acquisition Co. II by 54.9% in the 4th quarter. Bulldog Investors LLP now owns 523,243 shares of the company's stock valued at $5,745,000 after purchasing an additional 185,556 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Ares Acquisition Co. II in the 4th quarter valued at $883,000. Hedge funds and other institutional investors own 72.95% of the company's stock.
About Ares Acquisition Co. II
(
Get 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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