Ares Acquisition Co. II (NYSE:AACT - Get Free Report) saw strong trading volume on Monday . 1,901,326 shares were traded during mid-day trading, an increase of 528% from the previous session's volume of 302,873 shares.The stock last traded at $11.19 and had previously closed at $11.18.
Ares Acquisition Co. II Stock Up 0.1 %
The company's fifty day moving average price is $11.13 and its 200-day moving average price is $11.00.
Institutional Investors Weigh In On Ares Acquisition Co. II
Several hedge funds and other institutional investors have recently modified their holdings of the business. Toronto Dominion Bank bought a new stake in Ares Acquisition Co. II during the 4th quarter valued at about $21,519,000. Decagon Asset Management LLP purchased a new position in Ares Acquisition Co. II during the 4th quarter worth $4,089,000. Mizuho Securities USA LLC bought a new stake in Ares Acquisition Co. II during the 4th quarter valued at $3,534,000. Bulldog Investors LLP lifted its holdings in shares of Ares Acquisition Co. II by 54.9% in the 4th quarter. Bulldog Investors LLP now owns 523,243 shares of the company's stock worth $5,745,000 after buying an additional 185,556 shares during the period. Finally, Wolverine Asset Management LLC grew its position in shares of Ares Acquisition Co. II by 17.7% during the 4th quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company's stock worth $8,878,000 after buying an additional 121,655 shares in the last quarter. 72.95% of the stock is currently owned by hedge funds and other institutional investors.
Ares Acquisition Co. II Company Profile
(
Get Free Report)
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.
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