Ares Acquisition Co. II (NYSE:AACT) Hits New 1-Year High – Here’s What Happened

Ares Acquisition Co. II (NYSE:AACT) shares hit a new 52-week high on Monday . The company traded as high as $11.20 and last traded at $11.15, with a volume of 135761 shares changing hands. The stock had previously closed at $11.16.

Ares Acquisition Co. II Stock Up 0.0 %

The business has a fifty day moving average of $11.04 and a 200 day moving average of $10.93.

Hedge Funds Weigh In On Ares Acquisition Co. II

A number of hedge funds have recently added to or reduced their stakes in AACT. D. E. Shaw & Co. Inc. grew its holdings in Ares Acquisition Co. II by 2.5% during 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 purchasing an additional 61,500 shares during the last quarter. Toronto Dominion Bank acquired a new position in Ares Acquisition Co. II during the fourth quarter valued at approximately $21,519,000. Berkley W R Corp grew its holdings in 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 valued at $17,664,000 after purchasing an additional 99,740 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in Ares Acquisition Co. II by 17.7% during the fourth 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 during the last quarter. Finally, Bulldog Investors LLP grew its holdings in Ares Acquisition Co. II by 54.9% during the fourth quarter. Bulldog Investors LLP now owns 523,243 shares of the company’s stock valued at $5,745,000 after purchasing an additional 185,556 shares during the last quarter. Institutional investors and hedge funds own 72.95% of the company’s stock.

Ares Acquisition Co. II Company Profile

Ares Acquisition Corp. II is a blank check company which engages in effecting a merger, share exchange, asset acquisition, share purchase, and reorganization or similar business combination. The company was founded on March 15, 2021 and is headquartered in New York, NY.