Decagon Asset Management LLP acquired a new position in shares of Ares Acquisition Co. II (NYSE:AACT – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 372,395 shares of the company’s stock, valued at approximately $4,089,000. Ares Acquisition Co. II comprises about 1.5% of Decagon Asset Management LLP’s investment portfolio, making the stock its 22nd largest position. Decagon Asset Management LLP owned approximately 0.60% of Ares Acquisition Co. II as of its most recent filing with the SEC.
Separately, FNY Investment Advisers LLC purchased a new position in Ares Acquisition Co. II during the 4th quarter worth $1,110,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.
Ares Acquisition Co. II Price Performance
Shares of Ares Acquisition Co. II stock opened at $11.18 on Wednesday. Ares Acquisition Co. II has a 1 year low of $10.55 and a 1 year high of $11.20. The company’s fifty day moving average is $11.05 and its two-hundred day moving average is $10.94.
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.
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