Shares of Ares Acquisition Co. II (NYSE:AACT – Get Free Report) reached a new 52-week high on Monday . The company traded as high as $11.04 and last traded at $11.02, with a volume of 22097 shares changing hands. The stock had previously closed at $11.01.
Ares Acquisition Co. II Trading Up 0.0 %
The company has a 50-day moving average price of $10.96 and a two-hundred day moving average price of $10.85.
Institutional Trading of Ares Acquisition Co. II
A hedge fund recently raised its stake in Ares Acquisition Co. II stock. Wolverine Asset Management LLC lifted its position in Ares Acquisition Co. II (NYSE:AACT – Free Report) by 448.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 686,939 shares of the company’s stock after purchasing an additional 561,796 shares during the quarter. Wolverine Asset Management LLC owned about 1.10% of Ares Acquisition Co. II worth $7,440,000 at the end of the most recent quarter. Institutional investors 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.
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