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

Ares Acquisition Co. II (NYSE:AACT)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $11.20 and last traded at $11.15, with a volume of 135761 shares. The stock had previously closed at $11.16.

Ares Acquisition Co. II Price Performance

The firm’s 50 day moving average price is $11.04 and its 200-day moving average price is $10.93.

Institutional Investors Weigh In On Ares Acquisition Co. II

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC lifted its position in Ares Acquisition Co. II by 4.2% in the fourth quarter. Virtu Financial LLC now owns 22,710 shares of the company’s stock worth $249,000 after purchasing an additional 914 shares during the period. Jane Street Group LLC bought a new position in Ares Acquisition Co. II in the fourth quarter worth $883,000. FNY Investment Advisers LLC bought a new position in Ares Acquisition Co. II in the fourth quarter worth $1,110,000. Mizuho Securities USA LLC bought a new position in Ares Acquisition Co. II in the fourth quarter worth $3,534,000. Finally, Decagon Asset Management LLP bought a new position in Ares Acquisition Co. II in the fourth quarter worth $4,089,000. Institutional investors and hedge funds own 72.95% of the company’s stock.

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.