Ares Acquisition Co. II (NYSE:AACT) Reaches New 12-Month High – Here’s Why

Ares Acquisition Co. II (NYSE:AACT) shares hit a new 52-week high on Monday . The stock traded as high as $11.20 and last traded at $11.19, with a volume of 18187 shares. The stock had previously closed at $11.19.

Ares Acquisition Co. II Price Performance

The stock has a fifty day moving average of $11.07 and a two-hundred day moving average of $10.95.

Institutional Trading of Ares Acquisition Co. II

A number of institutional investors have recently modified their holdings of AACT. 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 valued at $249,000 after buying an additional 914 shares during the period. Jane Street Group LLC purchased a new position in shares of Ares Acquisition Co. II in the 4th quarter valued at $883,000. FNY Investment Advisers LLC acquired a new position in shares of Ares Acquisition Co. II during the 4th quarter valued at $1,110,000. Mizuho Securities USA LLC purchased a new stake in Ares Acquisition Co. II during the 4th quarter worth $3,534,000. Finally, Decagon Asset Management LLP purchased a new position in Ares Acquisition Co. II in the fourth quarter valued at about $4,089,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.

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.