Ares Acquisition Co. II (NYSE:AACT) Hits New 12-Month High – Here’s Why

Ares Acquisition Co. II (NYSE:AACT) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $11.07 and last traded at $11.06, with a volume of 116 shares trading hands. The stock had previously closed at $11.06.

Ares Acquisition Co. II Stock Down 0.0 %

The firm’s 50 day simple moving average is $11.00 and its 200 day simple moving average is $10.89.

Institutional Investors Weigh In On Ares Acquisition Co. II

A number of hedge funds have recently made changes to their positions in the company. D. E. Shaw & Co. Inc. raised its holdings in shares of Ares Acquisition Co. II by 2.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company’s stock worth $27,176,000 after acquiring an additional 61,500 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of Ares Acquisition Co. II in the 4th quarter valued at approximately $21,519,000. Berkley W R Corp boosted its holdings in shares of Ares Acquisition Co. II by 6.6% in the 4th quarter. Berkley W R Corp now owns 1,608,763 shares of the company’s stock worth $17,664,000 after purchasing an additional 99,740 shares during the period. Wolverine Asset Management LLC increased its position in shares of Ares Acquisition Co. II by 17.7% during 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 during the last quarter. Finally, Bulldog Investors LLP raised its holdings in Ares Acquisition Co. II by 54.9% during 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. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

About Ares Acquisition Co. II

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.