Ares Acquisition Co. II (NYSE:AACT - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 559,574 shares traded hands during trading, an increase of 58% from the previous session's volume of 354,150 shares.The stock last traded at $11.22 and had previously closed at $11.20.
Ares Acquisition Co. II Trading Up 0.3 %
The firm has a 50-day moving average of $11.15 and a 200 day moving average of $11.01.
Institutional Investors Weigh In On Ares Acquisition Co. II
Several hedge funds and other institutional investors have recently bought and sold shares of AACT. FNY Investment Advisers LLC acquired a new position in shares of Ares Acquisition Co. II in the 4th quarter worth approximately $1,110,000. Wolverine Asset Management LLC lifted its holdings in Ares Acquisition Co. II by 17.7% in the fourth quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company's stock worth $8,878,000 after acquiring an additional 121,655 shares during the last quarter. Decagon Asset Management LLP acquired a new position in Ares Acquisition Co. II in the fourth quarter valued at approximately $4,089,000. Mizuho Securities USA LLC bought a new position in shares of Ares Acquisition Co. II during the fourth quarter valued at approximately $3,534,000. Finally, Virtu Financial LLC raised its position in shares of Ares Acquisition Co. II by 4.2% during the 4th quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock worth $249,000 after purchasing an additional 914 shares during the period. 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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