Ares Acquisition Co. II (NYSE:AACT) Sets New 1-Year High at $10.76

Ares Acquisition Co. II (NYSE:AACT) shares reached a new 52-week high on Monday . The company traded as high as $10.76 and last traded at $10.76, with a volume of 17325 shares traded. The stock had previously closed at $10.74.

Ares Acquisition Co. II Price Performance

The stock’s fifty day moving average is $10.70 and its two-hundred day moving average is $10.62.

Institutional Investors Weigh In On Ares Acquisition Co. II

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Condor Capital Management purchased a new stake in shares of Ares Acquisition Co. II during the 4th quarter worth approximately $425,000. Virtu Financial LLC bought a new position in Ares Acquisition Co. II in the 1st quarter valued at $1,161,000. Wolverine Asset Management LLC boosted its holdings in Ares Acquisition Co. II by 150,674.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company’s stock valued at $1,335,000 after purchasing an additional 125,060 shares during the period. Berkley W R Corp boosted its holdings in Ares Acquisition Co. II by 165.5% in the 1st quarter. Berkley W R Corp now owns 207,456 shares of the company’s stock valued at $2,193,000 after purchasing an additional 129,324 shares during the period. Finally, Cohanzick Management LLC boosted its holdings in Ares Acquisition Co. II by 133.4% in the 4th quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock valued at $3,197,000 after purchasing an additional 175,000 shares during the period. Hedge funds and other institutional investors own 72.95% of the company’s stock.

About Ares Acquisition Co. II

Ares Acquisition Corporation II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Ares Acquisition Corporation II was incorporated in 2021 and is based in New York, New York.