Shares of Ares Acquisition Co. II (NYSE:AACT – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 93,402 shares traded hands during trading, an increase of 75% from the previous session’s volume of 53,509 shares.The stock last traded at $10.99 and had previously closed at $11.00.
Ares Acquisition Co. II Stock Performance
The business has a fifty day moving average of $10.93 and a 200-day moving average of $10.83.
Hedge Funds Weigh In On Ares Acquisition Co. II
A number of large investors have recently modified their holdings of AACT. Virtu Financial LLC lifted its stake in Ares Acquisition Co. II by 7.6% in the 2nd quarter. Virtu Financial LLC now owns 118,148 shares of the company’s stock worth $1,261,000 after purchasing an additional 8,324 shares in the last quarter. Berkley W R Corp raised its position in shares of Ares Acquisition Co. II by 627.4% in the second quarter. Berkley W R Corp now owns 1,509,023 shares of the company’s stock worth $16,101,000 after buying an additional 1,301,567 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in Ares Acquisition Co. II during the second quarter valued at $5,335,000. Wolverine Asset Management LLC grew its position in Ares Acquisition Co. II by 448.9% during the third quarter. Wolverine Asset Management LLC now owns 686,939 shares of the company’s stock worth $7,440,000 after buying an additional 561,796 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Ares Acquisition Co. II in the 4th quarter worth about $1,110,000. 72.95% of the stock is currently owned by institutional investors.
About Ares Acquisition Co. II
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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