Ares Acquisition Co. II (NYSE:AACT) Sets New 12-Month High at $10.76

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 $10.76 and last traded at $10.76, with a volume of 17325 shares changing hands. The stock had previously closed at $10.74.

Ares Acquisition Co. II Price Performance

The company has a 50-day simple moving average of $10.69 and a 200 day simple moving average of $10.61.

Hedge Funds Weigh In On Ares Acquisition Co. II

Large investors have recently bought and sold shares of the business. Condor Capital Management purchased a new stake in shares of Ares Acquisition Co. II in the fourth quarter valued at approximately $425,000. Virtu Financial LLC acquired a new stake in Ares Acquisition Co. II in the 1st quarter valued at $1,161,000. Wolverine Asset Management LLC increased its holdings in 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 worth $1,335,000 after acquiring an additional 125,060 shares in the last quarter. Berkley W R Corp raised its position in Ares Acquisition Co. II by 165.5% during the first quarter. Berkley W R Corp now owns 207,456 shares of the company’s stock worth $2,193,000 after acquiring an additional 129,324 shares during the period. Finally, Cohanzick Management LLC lifted its holdings in Ares Acquisition Co. II by 133.4% during the fourth quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock valued at $3,197,000 after purchasing an additional 175,000 shares in the last quarter. Institutional investors and hedge funds own 72.95% of the company’s stock.

Ares Acquisition Co. II Company Profile

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.