Ares Acquisition Co. II (NYSE:AACT - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 551,557 shares changed hands during trading, an increase of 257% from the previous session's volume of 154,602 shares.The stock last traded at $10.63 and had previously closed at $10.61.
Ares Acquisition Co. II Stock Up 0.2 %
The business's fifty day moving average price is $10.55 and its 200 day moving average price is $10.44.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Bulldog Investors LLP boosted its stake in Ares Acquisition Co. II by 55.6% during the fourth quarter. Bulldog Investors LLP now owns 426,605 shares of the company's stock worth $4,454,000 after acquiring an additional 152,411 shares in the last quarter. Karpus Management Inc. boosted its position in shares of Ares Acquisition Co. II by 58.5% during the 4th quarter. Karpus Management Inc. now owns 2,712,010 shares of the company's stock worth $28,313,000 after purchasing an additional 1,001,110 shares in the last quarter. Cohanzick Management LLC increased its position in Ares Acquisition Co. II by 133.4% in the 4th quarter. Cohanzick Management LLC now owns 306,200 shares of the company's stock valued at $3,197,000 after buying an additional 175,000 shares in the last quarter. Condor Capital Management acquired a new position in Ares Acquisition Co. II during the 4th quarter worth approximately $425,000. Finally, Firethorn Wealth Partners LLC boosted its holdings in Ares Acquisition Co. II by 51.5% in the fourth quarter. Firethorn Wealth Partners LLC now owns 19,728 shares of the company's stock worth $206,000 after acquiring an additional 6,708 shares in the last quarter. 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 Corporation II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Ares Acquisition Corporation II was incorporated in 2021 and is based in New York, New York.
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