Ares Acquisition Co. II (NYSE:AACT) Sees Large Volume Increase – Time to Buy?

Shares of Ares Acquisition Co. II (NYSE:AACT) saw unusually-strong trading volume on Thursday . Approximately 634,264 shares traded hands during trading, an increase of 63% from the previous session’s volume of 389,599 shares.The stock last traded at $11.29 and had previously closed at $11.29.

Ares Acquisition Co. II Trading Up 1.3%

The company has a 50-day moving average price of $11.23 and a two-hundred day moving average price of $11.08.

Institutional Trading of Ares Acquisition Co. II

Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC lifted its stake in Ares Acquisition Co. II by 4.2% in 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 in the last quarter. Jane Street Group LLC bought a new position in shares of Ares Acquisition Co. II in the fourth quarter worth $883,000. FNY Investment Advisers LLC raised its position in shares of Ares Acquisition Co. II by 10.4% in the first 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 in the last quarter. Mizuho Securities USA LLC purchased a new stake in shares of Ares Acquisition Co. II in the fourth quarter worth $3,534,000. Finally, Decagon Asset Management LLP bought a new stake in Ares Acquisition Co. II during the fourth quarter valued at $4,089,000. Institutional investors own 72.95% of the company’s stock.

About Ares Acquisition Co. 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.