Ares Acquisition Corporation II (NYSE:AACT) Sets New 52-Week Low – What’s Next?

Ares Acquisition Corporation II (NYSE:AACT)’s share price reached a new 52-week low during trading on Saturday . The company traded as low as $9.75 and last traded at $11.09, with a volume of 350069 shares. The stock had previously closed at $11.40.

Ares Acquisition Corporation II Stock Performance

The stock’s 50 day moving average price is $11.40 and its 200 day moving average price is $11.31.

Institutional Investors Weigh In On Ares Acquisition Corporation II

Several hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC lifted its stake in Ares Acquisition Corporation II by 10.4% in the 1st quarter. FNY Investment Advisers LLC now owns 111,638 shares of the company’s stock valued at $1,244,000 after purchasing an additional 10,538 shares during the last quarter. Rangeley Capital LLC acquired a new stake in Ares Acquisition Corporation II in the 2nd quarter valued at about $135,000. Sage Advisors LLC acquired a new stake in Ares Acquisition Corporation II in the 2nd quarter valued at about $177,000. Virtu Financial LLC lifted its stake in Ares Acquisition Corporation II by 129.3% in the 1st quarter. Virtu Financial LLC now owns 52,078 shares of the company’s stock valued at $581,000 after purchasing an additional 29,368 shares during the last quarter. Finally, Militia Capital Partners LP acquired a new stake in Ares Acquisition Corporation II in the 2nd quarter valued at about $466,000. 72.95% of the stock is currently owned by institutional investors and hedge funds.

About Ares Acquisition Corporation II

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.