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

Ares Acquisition Co. II (NYSE:AACT)’s stock price reached a new 52-week high on Monday . The stock 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 Price Performance

The firm’s 50 day moving average price is $10.75 and its two-hundred day moving average price is $10.66.

Institutional Investors Weigh In On Ares Acquisition Co. II

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Berkley W R Corp grew its holdings in shares of Ares Acquisition Co. II by 627.4% during the 2nd quarter. Berkley W R Corp now owns 1,509,023 shares of the company’s stock worth $16,101,000 after purchasing an additional 1,301,567 shares during the period. Karpus Management Inc. boosted its stake in Ares Acquisition Co. II by 58.5% during the fourth quarter. Karpus Management Inc. now owns 2,712,010 shares of the company’s stock worth $28,313,000 after buying an additional 1,001,110 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of Ares Acquisition Co. II during the second quarter valued at about $5,335,000. Mizuho Securities USA LLC purchased a new stake in shares of Ares Acquisition Co. II in the 1st quarter valued at approximately $3,679,000. Finally, Cohanzick Management LLC lifted its holdings in shares of Ares Acquisition Co. II by 133.4% in the 4th quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock worth $3,197,000 after acquiring an additional 175,000 shares during 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.