Ares Acquisition Co. II (NYSE:AACT - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 634,264 shares traded hands during trading, an increase of 63% from the previous session's volume of 389,599 shares.The stock last traded at $11.29 and had previously closed at $11.29.
Ares Acquisition Co. II Price Performance
The company's 50-day moving average is $11.23 and its 200-day moving average is $11.08.
Institutional Investors Weigh In On Ares Acquisition Co. II
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AACT. Virtu Financial LLC raised its position in shares of Ares Acquisition Co. II by 4.2% in the 4th quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock valued at $249,000 after buying an additional 914 shares in the last quarter. Jane Street Group LLC acquired a new position in Ares Acquisition Co. II during the fourth quarter worth $883,000. FNY Investment Advisers LLC increased its holdings in Ares Acquisition Co. II by 10.4% during the first quarter. FNY Investment Advisers LLC now owns 111,638 shares of the company's stock worth $1,244,000 after buying an additional 10,538 shares during the last quarter. Mizuho Securities USA LLC purchased a new stake in Ares Acquisition Co. II during the fourth quarter worth about $3,534,000. Finally, Decagon Asset Management LLP bought a new position in Ares Acquisition Co. II during the fourth quarter worth about $4,089,000. 72.95% of the stock is currently owned by institutional investors and hedge funds.
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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