Ares Acquisition Co. II (NYSE:AACT) Reaches New 52-Week High – Here’s What Happened

Ares Acquisition Co. II (NYSE:AACT) hit a new 52-week high on Monday . The company traded as high as $11.22 and last traded at $11.21, with a volume of 1163 shares changing hands. The stock had previously closed at $11.22.

Ares Acquisition Co. II Trading Down 0.1 %

The company’s fifty day simple moving average is $11.13 and its 200-day simple moving average is $11.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC raised its holdings 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 in the last quarter. Jane Street Group LLC purchased a new stake in Ares Acquisition Co. II during the fourth quarter valued at approximately $883,000. FNY Investment Advisers LLC acquired a new stake in Ares Acquisition Co. II in the fourth quarter valued at approximately $1,110,000. Mizuho Securities USA LLC acquired a new position in shares of Ares Acquisition Co. II during the fourth quarter worth $3,534,000. Finally, Decagon Asset Management LLP purchased a new stake in Ares Acquisition Co. II in the fourth quarter valued at about $4,089,000. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

Ares Acquisition Co. II Company Profile

Ares Acquisition Corp. II is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on March 15, 2021 and is headquartered in New York, NY.