Insider Buying: Ares Dynamic Credit Allocation Fund Insider Buys 9,700 Shares of Stock (ARDC)
Ares Dynamic Credit Allocation Fund (NASDAQ:ARDC) Insider Ares Capital Management Ii Llc purchased 9,700 shares of Ares Dynamic Credit Allocation Fund stock on the open market in a transaction that occurred on Wednesday, October 9th. The stock was purchased at an average cost of $18.01 per share, with a total value of $174,697.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Ares Dynamic Credit Allocation Fund (NASDAQ:ARDC) traded down 0.06% during mid-day trading on Wednesday, hitting $17.99. The stock had a trading volume of 64,584 shares. Ares Dynamic Credit Allocation Fund has a 1-year low of $17.83 and a 1-year high of $20.41. The stock’s 50-day moving average is $18.43 and its 200-day moving average is $19.18.
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