Ares Acquisition Corporation II (NYSE:AACT - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 1,960,508 shares changed hands during mid-day trading, an increase of 224% from the previous session's volume of 604,994 shares.The stock last traded at $11.43 and had previously closed at $11.42.
Ares Acquisition Corporation II Price Performance
The company's 50-day moving average is $11.36 and its 200 day moving average is $11.21.
Hedge Funds Weigh In On Ares Acquisition Corporation II
Hedge funds and other institutional investors have recently modified their holdings of the stock. Sage Advisors LLC purchased a new position in shares of Ares Acquisition Corporation II in the 2nd quarter valued at approximately $177,000. Virtu Financial LLC raised its position in Ares Acquisition Corporation II by 129.3% during the 1st quarter. Virtu Financial LLC now owns 52,078 shares of the company's stock worth $581,000 after buying an additional 29,368 shares during the last quarter. Jane Street Group LLC purchased a new position in Ares Acquisition Corporation II during the 4th quarter worth approximately $883,000. FNY Investment Advisers LLC raised its position in Ares Acquisition Corporation II by 10.4% during the 1st 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. Finally, Deltec Asset Management LLC raised its position in Ares Acquisition Corporation II by 50.0% during the 2nd quarter. Deltec Asset Management LLC now owns 150,000 shares of the company's stock worth $1,700,000 after buying an additional 50,000 shares during the last quarter. 72.95% of the stock is owned by hedge funds and other institutional investors.
Ares Acquisition Corporation 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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