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

Ares Acquisition Co. II (NYSE:AACT) reached a new 52-week high during trading on Tuesday . The stock traded as high as $11.02 and last traded at $10.99, with a volume of 105077 shares trading hands. The stock had previously closed at $10.98.

Ares Acquisition Co. II Stock Up 0.1 %

The business has a fifty day simple moving average of $10.95 and a two-hundred day simple moving average of $10.84.

Institutional Trading of Ares Acquisition Co. II

A number of hedge funds have recently bought and sold shares of AACT. FNY Investment Advisers LLC purchased a new position in shares of Ares Acquisition Co. II during the 4th quarter worth $1,110,000. Driehaus Capital Management LLC purchased a new position in Ares Acquisition Co. II during the second quarter worth about $5,335,000. Finally, Wolverine Asset Management LLC raised its stake in Ares Acquisition Co. II by 448.9% during the third quarter. Wolverine Asset Management LLC now owns 686,939 shares of the company’s stock worth $7,440,000 after purchasing an additional 561,796 shares during the period. Institutional investors and hedge funds own 72.95% of the company’s stock.

About Ares Acquisition Co. II

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.