Shares of Ares Acquisition Co. II (NYSE:AACT – Get Free Report) saw an uptick in trading volume on Tuesday . 399,278 shares were traded during trading, an increase of 163% from the previous session’s volume of 151,996 shares.The stock last traded at $10.63 and had previously closed at $10.62.
Ares Acquisition Co. II Stock Performance
The business’s 50-day moving average is $10.57 and its 200 day moving average is $10.46.
Institutional Investors Weigh In On Ares Acquisition Co. II
A number of hedge funds have recently made changes to their positions in the stock. Karpus Management Inc. increased its stake in Ares Acquisition Co. II by 58.5% during the 4th quarter. Karpus Management Inc. now owns 2,712,010 shares of the company’s stock valued at $28,313,000 after purchasing an additional 1,001,110 shares in the last quarter. Bulldog Investors LLP boosted its holdings in shares of Ares Acquisition Co. II by 55.6% in the 4th quarter. Bulldog Investors LLP now owns 426,605 shares of the company’s stock worth $4,454,000 after buying an additional 152,411 shares during the last quarter. Cohanzick Management LLC boosted 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 buying an additional 175,000 shares during the last quarter. Condor Capital Management purchased a new stake in Ares Acquisition Co. II during the fourth quarter valued at about $425,000. Finally, Firethorn Wealth Partners LLC lifted its holdings in Ares Acquisition Co. II by 51.5% during the fourth quarter. Firethorn Wealth Partners LLC now owns 19,728 shares of the company’s stock valued at $206,000 after purchasing an additional 6,708 shares during the last quarter. 72.95% of the stock is currently owned by institutional investors and hedge funds.
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.
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