Ares Acquisition Co. II (NYSE:AACT) Sees Unusually-High Trading Volume – Here’s What Happened

Ares Acquisition Co. II (NYSE:AACT) shares saw unusually-high trading volume on Thursday . Approximately 602,291 shares traded hands during mid-day trading, an increase of 450% from the previous session’s volume of 109,497 shares.The stock last traded at $11.07 and had previously closed at $11.04.

Ares Acquisition Co. II Stock Up 0.2 %

The firm’s 50 day simple moving average is $11.00 and its two-hundred day simple moving average is $10.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AACT. FNY Investment Advisers LLC bought a new stake in Ares Acquisition Co. II during the 4th quarter valued at $1,110,000. Wolverine Asset Management LLC lifted its holdings in Ares Acquisition Co. II by 448.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 686,939 shares of the company’s stock worth $7,440,000 after purchasing an additional 561,796 shares in the last quarter. Toronto Dominion Bank bought a new position in Ares Acquisition Co. II in the 4th quarter worth about $21,519,000. Jane Street Group LLC purchased a new position in Ares Acquisition Co. II during the 4th quarter valued at about $883,000. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Ares Acquisition Co. II by 2.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company’s stock valued at $27,176,000 after buying an additional 61,500 shares during the period. 72.95% of the stock is owned by institutional investors.

About Ares Acquisition Co. II

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.