Ares Acquisition Co. II (NYSE:AACT - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $11.00 and last traded at $11.00, with a volume of 133 shares. The stock had previously closed at $10.97.
The stock's 50-day simple moving average is $10.90 and its 200-day simple moving average is $10.80.
A number of hedge funds have recently made changes to their positions in AACT. Virtu Financial LLC lifted its holdings in Ares Acquisition Co. II by 7.6% in the second quarter. Virtu Financial LLC now owns 118,148 shares of the company's stock valued at $1,261,000 after buying an additional 8,324 shares during the period. Wolverine Asset Management LLC grew its holdings in Ares Acquisition Co. II by 150,674.7% in the second quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company's stock worth $1,335,000 after purchasing an additional 125,060 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of Ares Acquisition Co. II in the 2nd quarter valued at about $5,335,000. Finally, Berkley W R Corp increased its position in Ares Acquisition Co. II by 627.4% in the 2nd quarter. Berkley W R Corp now owns 1,509,023 shares of the company's stock valued at $16,101,000 after buying an additional 1,301,567 shares in the last quarter. 72.95% of the stock is owned by institutional investors and hedge funds.
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.
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