Tidal Investments LLC Reduces Stake in Ares Acquisition Co. II (NYSE:AACT)

Tidal Investments LLC cut its stake in shares of Ares Acquisition Co. II (NYSE:AACT) by 15.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,240 shares of the company’s stock after selling 3,800 shares during the period. Tidal Investments LLC’s holdings in Ares Acquisition Co. II were worth $230,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Berkley W R Corp grew its stake in Ares Acquisition Co. II by 627.4% during the second quarter. Berkley W R Corp now owns 1,509,023 shares of the company’s stock valued at $16,101,000 after acquiring an additional 1,301,567 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in Ares Acquisition Co. II by 448.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 686,939 shares of the company’s stock valued at $7,440,000 after purchasing an additional 561,796 shares during the period. Driehaus Capital Management LLC purchased a new position in shares of Ares Acquisition Co. II during the 2nd quarter valued at $5,335,000. Finally, Virtu Financial LLC increased its holdings in shares of Ares Acquisition Co. II by 7.6% in the second quarter. Virtu Financial LLC now owns 118,148 shares of the company’s stock worth $1,261,000 after purchasing an additional 8,324 shares during the period. 72.95% of the stock is owned by hedge funds and other institutional investors.

Ares Acquisition Co. II Price Performance

NYSE:AACT opened at $10.96 on Thursday. Ares Acquisition Co. II has a 52-week low of $10.42 and a 52-week high of $11.00. The stock has a fifty day moving average of $10.90 and a 200 day moving average of $10.80.

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.