Ares Acquisition Co. II (NYSE:AACT - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $11.62 and last traded at $11.51, with a volume of 1112091 shares traded. The stock had previously closed at $11.44.
Ares Acquisition Co. II Price Performance
The firm has a 50 day moving average of $11.25 and a two-hundred day moving average of $11.10.
Hedge Funds Weigh In On Ares Acquisition Co. II
Several institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC raised its holdings in Ares Acquisition Co. II by 4.2% in the fourth quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock worth $249,000 after buying an additional 914 shares during the last quarter. Jane Street Group LLC bought a new stake in Ares Acquisition Co. II in the 4th quarter worth about $883,000. FNY Investment Advisers LLC boosted its holdings 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 valued at $1,244,000 after acquiring an additional 10,538 shares during the last quarter. Mizuho Securities USA LLC bought a new stake in shares of Ares Acquisition Co. II in the fourth quarter worth $3,534,000. Finally, Decagon Asset Management LLP purchased a new position in Ares Acquisition Co. II in the fourth quarter worth about $4,089,000. 72.95% of the stock is currently owned by institutional investors.
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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