Ares Acquisition Co. II (NYSE:AACT) Sets New 1-Year High at $10.81

Ares Acquisition Co. II (NYSE:AACT) shares hit a new 52-week high on Monday . The company traded as high as $10.81 and last traded at $10.81, with a volume of 1656 shares trading hands. The stock had previously closed at $10.78.

Ares Acquisition Co. II Stock Performance

The business has a 50 day simple moving average of $10.74 and a 200 day simple moving average of $10.66.

Hedge Funds Weigh In On Ares Acquisition Co. II

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AACT. Condor Capital Management acquired a new position in shares of Ares Acquisition Co. II during the fourth quarter worth about $425,000. Virtu Financial LLC purchased a new stake in shares of Ares Acquisition Co. II in the 1st quarter valued at approximately $1,161,000. Wolverine Asset Management LLC raised its holdings in shares of Ares Acquisition Co. II by 150,674.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company’s stock valued at $1,335,000 after purchasing an additional 125,060 shares in the last quarter. Berkley W R Corp lifted its position in shares of Ares Acquisition Co. II by 165.5% during the 1st quarter. Berkley W R Corp now owns 207,456 shares of the company’s stock worth $2,193,000 after purchasing an additional 129,324 shares during the last quarter. Finally, Cohanzick Management LLC grew its stake in shares of Ares Acquisition Co. II by 133.4% during the fourth quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock worth $3,197,000 after purchasing an additional 175,000 shares in the last quarter. Hedge funds and other institutional investors own 72.95% of the company’s stock.

About Ares Acquisition Co. II

Ares Acquisition Corporation II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Ares Acquisition Corporation II was incorporated in 2021 and is based in New York, New York.