Shares of Ares Acquisition Co. II (NYSE:AACT - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $11.29 and last traded at $11.28, with a volume of 591296 shares traded. The stock had previously closed at $11.27.
Ares Acquisition Co. II Trading Up 0.0%
The stock's 50-day moving average is $11.20 and its 200 day moving average is $11.05.
Institutional Investors Weigh In On Ares Acquisition Co. II
A number of institutional investors have recently bought and sold shares of AACT. Wolverine Asset Management LLC boosted its stake in shares of Ares Acquisition Co. II by 17.7% in the 4th quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company's stock valued at $8,878,000 after purchasing an additional 121,655 shares in the last quarter. Decagon Asset Management LLP bought a new stake in Ares Acquisition Co. II during the fourth quarter worth about $4,089,000. Mizuho Securities USA LLC bought a new stake in Ares Acquisition Co. II during the fourth quarter worth about $3,534,000. Berkley W R Corp increased its holdings in shares of Ares Acquisition Co. II by 6.6% during the fourth quarter. Berkley W R Corp now owns 1,608,763 shares of the company's stock worth $17,664,000 after buying an additional 99,740 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of Ares Acquisition Co. II by 2.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company's stock valued at $27,176,000 after acquiring an additional 61,500 shares during the last quarter. Institutional investors and hedge funds 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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