Ares Acquisition Co. II (NYSE:AACT) Sets New 52-Week High at $10.78

Ares Acquisition Co. II (NYSE:AACT)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $10.78 and last traded at $10.77, with a volume of 127360 shares trading hands. The stock had previously closed at $10.76.

Ares Acquisition Co. II Stock Performance

The stock has a 50 day moving average price of $10.72 and a two-hundred day moving average price of $10.64.

Hedge Funds Weigh In On Ares Acquisition Co. II

Hedge funds have recently bought and sold shares of the business. Condor Capital Management acquired a new position in shares of Ares Acquisition Co. II during the 4th quarter worth approximately $425,000. Virtu Financial LLC acquired a new stake in Ares Acquisition Co. II during the first quarter worth approximately $1,161,000. Wolverine Asset Management LLC increased its stake in Ares Acquisition Co. II by 150,674.7% during the 2nd quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company’s stock worth $1,335,000 after acquiring an additional 125,060 shares during the period. Berkley W R Corp raised 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 acquiring an additional 129,324 shares in the last quarter. Finally, Cohanzick Management LLC raised 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 acquiring an additional 175,000 shares in the last quarter. 72.95% of the stock is owned by institutional investors.

Ares Acquisition Co. II Company Profile

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.