Ares Acquisition Co. II (NYSE:AACT) Sees Strong Trading Volume – What’s Next?

Ares Acquisition Co. II (NYSE:AACT) saw unusually-high trading volume on Thursday . Approximately 719,150 shares traded hands during mid-day trading, an increase of 187% from the previous session’s volume of 250,699 shares.The stock last traded at $11.20 and had previously closed at $11.17.

Ares Acquisition Co. II Stock Performance

The business’s 50-day moving average is $11.06 and its two-hundred day moving average is $10.94.

Institutional Investors Weigh In On Ares Acquisition Co. II

A number of large investors have recently made changes to their positions in the stock. Virtu Financial LLC lifted its position in Ares Acquisition Co. 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 buying an additional 914 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Ares Acquisition Co. II by 2.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company’s stock worth $27,176,000 after acquiring an additional 61,500 shares during the period. Jane Street Group LLC purchased a new position in shares of Ares Acquisition Co. II during the 4th quarter worth $883,000. Berkley W R Corp boosted its position in shares of Ares Acquisition Co. II by 6.6% during the 4th quarter. Berkley W R Corp now owns 1,608,763 shares of the company’s stock valued at $17,664,000 after acquiring an additional 99,740 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Ares Acquisition Co. II in the fourth quarter valued at about $1,110,000. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

Ares Acquisition Co. II Company Profile

Ares Acquisition Corp. II is a blank check company which engages in effecting a merger, share exchange, asset acquisition, share purchase, and reorganization or similar business combination. The company was founded on March 15, 2021 and is headquartered in New York, NY.