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

Ares Acquisition Co. II (NYSE:AACT)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $11.12 and last traded at $11.07, with a volume of 216 shares. The stock had previously closed at $11.07.

Ares Acquisition Co. II Trading Down 0.0 %

The business has a 50-day moving average of $11.01 and a 200-day moving average of $10.90.

Institutional Investors Weigh In On Ares Acquisition Co. II

Institutional investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC increased its holdings in Ares Acquisition Co. II by 448.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 686,939 shares of the company’s stock valued at $7,440,000 after purchasing an additional 561,796 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Ares Acquisition Co. II in the fourth quarter valued at $1,110,000. Decagon Asset Management LLP acquired a new position in shares of Ares Acquisition Co. II in the fourth quarter valued at approximately $4,089,000. Virtu Financial LLC grew its stake in Ares Acquisition Co. II by 4.2% during the 4th quarter. Virtu Financial LLC now owns 22,710 shares of the company’s stock worth $249,000 after purchasing an additional 914 shares in the last quarter. Finally, Mizuho Securities USA LLC acquired a new position in Ares Acquisition Co. II during the 4th quarter worth $3,534,000. 72.95% of the stock is currently owned by institutional investors and hedge funds.

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.