Ares Acquisition Co. II (NYSE:AACT - Get Free Report) shares saw strong trading volume on Monday . 1,206,154 shares were traded during mid-day trading, an increase of 361% from the previous session's volume of 261,549 shares.The stock last traded at $11.16 and had previously closed at $11.17.
Ares Acquisition Co. II Price Performance
The stock has a 50-day moving average price of $11.11 and a 200 day moving average price of $10.99.
Institutional Investors Weigh In On Ares Acquisition Co. II
Several large investors have recently made changes to their positions in AACT. Virtu Financial LLC lifted its position in Ares Acquisition Co. II by 4.2% during the 4th quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock worth $249,000 after acquiring an additional 914 shares in the last quarter. Jane Street Group LLC acquired a new stake in Ares Acquisition Co. II during the fourth quarter worth about $883,000. FNY Investment Advisers LLC acquired a new position in shares of Ares Acquisition Co. II during the fourth quarter valued at $1,110,000. Mizuho Securities USA LLC acquired a new stake in shares of Ares Acquisition Co. II in the fourth quarter valued at approximately $3,534,000. Finally, Decagon Asset Management LLP bought a new stake in Ares Acquisition Co. II during the 4th quarter valued at $4,089,000. Institutional investors and hedge funds own 72.95% of the company's stock.
About Ares Acquisition Co. II
(
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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.
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