Ares Acquisition Corporation II (NYSE:AACT) Trading 0.1% Higher - Still a Buy?

Ares Acquisition Corporation II (NYSE:AACT - Get Free Report) shares traded up 0.1% on Thursday . The company traded as high as $11.35 and last traded at $11.34. 465,057 shares traded hands during trading, an increase of 14% from the average session volume of 409,404 shares. The stock had previously closed at $11.32.

Ares Acquisition Corporation II Trading Up 0.3%

The stock's fifty day simple moving average is $11.32 and its two-hundred day simple moving average is $11.17.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AACT. Virtu Financial LLC raised its position in shares of Ares Acquisition Corporation II by 4.2% during the fourth quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock worth $249,000 after acquiring an additional 914 shares during the last quarter. Jane Street Group LLC acquired a new stake in Ares Acquisition Corporation II during the 4th quarter valued at approximately $883,000. FNY Investment Advisers LLC raised its holdings 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 purchasing an additional 10,538 shares during the last quarter. Mizuho Securities USA LLC acquired a new position in shares of Ares Acquisition Corporation II in the 4th quarter worth approximately $3,534,000. Finally, Decagon Asset Management LLP bought a new stake in shares of Ares Acquisition Corporation II in the 4th quarter valued at $4,089,000. 72.95% of the stock is owned by institutional investors.

About Ares Acquisition Corporation II

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.