Ares Acquisition Co. II (NYSE:AACT) Sets New 12-Month High – Here’s What Happened

Ares Acquisition Co. II (NYSE:AACT)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $11.13 and last traded at $11.12, with a volume of 1533946 shares changing hands. The stock had previously closed at $11.10.

Ares Acquisition Co. II Stock Performance

The firm’s 50-day moving average price is $11.03 and its 200 day moving average price is $10.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AACT. Virtu Financial LLC raised its stake in Ares Acquisition Co. II by 4.2% during the 4th quarter. Virtu Financial LLC now owns 22,710 shares of the company’s stock valued at $249,000 after acquiring an additional 914 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Ares Acquisition Co. II during the fourth quarter valued at about $883,000. FNY Investment Advisers LLC acquired a new stake in Ares Acquisition Co. II in the fourth quarter worth about $1,110,000. Mizuho Securities USA LLC bought a new position in Ares Acquisition Co. II in the 4th quarter valued at about $3,534,000. Finally, Decagon Asset Management LLP acquired a new position in Ares Acquisition Co. II during the 4th quarter valued at about $4,089,000. 72.95% of the stock is owned by institutional investors and hedge funds.

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.