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Ares Acquisition Corporation II (NYSE:AACT) Trading Up 0.1% - Should You Buy?

Ares Acquisition Corporation II logo with Financial Services background

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

Ares Acquisition Corporation II Stock Up 0.3%

The business has a 50-day moving average of $11.32 and a 200-day moving average of $11.17.

Institutional Trading of Ares Acquisition Corporation II

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Westchester Capital Management LLC increased its position in Ares Acquisition Corporation II by 27.5% during the first quarter. Westchester Capital Management LLC now owns 3,951,420 shares of the company's stock worth $44,058,000 after buying an additional 852,733 shares during the last quarter. Mizuho Securities USA LLC increased its position in Ares Acquisition Corporation II by 867.2% during the first quarter. Mizuho Securities USA LLC now owns 3,133,249 shares of the company's stock worth $34,842,000 after buying an additional 2,809,299 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in Ares Acquisition Corporation II by 2.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company's stock worth $27,176,000 after buying an additional 61,500 shares during the last quarter. Toronto Dominion Bank acquired a new position in Ares Acquisition Corporation II during the fourth quarter worth approximately $21,519,000. Finally, Berkley W R Corp increased its position in Ares Acquisition Corporation II by 6.6% during the fourth quarter. Berkley W R Corp now owns 1,608,763 shares of the company's stock worth $17,664,000 after buying an additional 99,740 shares during the last quarter. Institutional investors and hedge funds own 72.95% of the company's stock.

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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