Ares Acquisition Co. II (NYSE:AACT - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $11.29 and last traded at $11.28, with a volume of 349369 shares. The stock had previously closed at $11.29.
Ares Acquisition Co. II Trading Up 0.0%
The business has a fifty day moving average of $11.23 and a 200 day moving average of $11.08.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in AACT. Mizuho Securities USA LLC lifted its holdings in Ares Acquisition Co. II by 867.2% during the 1st quarter. Mizuho Securities USA LLC now owns 3,133,249 shares of the company's stock worth $34,842,000 after buying an additional 2,809,299 shares in the last quarter. Toronto Dominion Bank acquired a new position in Ares Acquisition Co. II during the 4th quarter worth $21,519,000. Westchester Capital Management LLC increased its holdings in Ares Acquisition Co. II by 27.5% during the 1st quarter. Westchester Capital Management LLC now owns 3,951,420 shares of the company's stock worth $44,058,000 after purchasing an additional 852,733 shares during the period. Decagon Asset Management LLP acquired a new stake in Ares Acquisition Co. II in the 4th quarter valued at about $4,089,000. Finally, Bulldog Investors LLP boosted its stake in shares of 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 buying an additional 185,556 shares during the period. 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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