Decagon Asset Management LLP bought a new stake in Ares Acquisition Co. II (NYSE:AACT – Free Report) during the 4th quarter, HoldingsChannel reports. The fund bought 372,395 shares of the company’s stock, valued at approximately $4,089,000. Ares Acquisition Co. II comprises approximately 1.5% of Decagon Asset Management LLP’s holdings, making the stock its 22nd biggest position.
Separately, FNY Investment Advisers LLC purchased a new stake in shares of Ares Acquisition Co. II in the fourth quarter valued at about $1,110,000. Institutional investors and hedge funds own 72.95% of the company’s stock.
Ares Acquisition Co. II Stock Up 0.0 %
Shares of NYSE:AACT opened at $11.18 on Wednesday. The firm’s 50-day simple moving average is $11.05 and its 200-day simple moving average is $10.94. Ares Acquisition Co. II has a fifty-two week low of $10.55 and a fifty-two week high of $11.20.
Ares Acquisition Co. II 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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Want to see what other hedge funds are holding AACT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ares Acquisition Co. II (NYSE:AACT – Free Report).
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