Shares of Ares Acquisition Co. II (NYSE:AACT - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 501,654 shares were traded during mid-day trading, an increase of 352% from the previous session's volume of 111,046 shares.The stock last traded at $11.06 and had previously closed at $11.05.
Ares Acquisition Co. II Price Performance
The business's 50-day simple moving average is $11.00 and its 200-day simple moving average is $10.89.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Virtu Financial LLC lifted its holdings 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 buying an additional 914 shares during the period. Jane Street Group LLC purchased a new stake in Ares Acquisition Co. II in the fourth quarter worth $883,000. FNY Investment Advisers LLC purchased a new stake in Ares Acquisition Co. II in the fourth quarter worth $1,110,000. Mizuho Securities USA LLC bought a new stake in Ares Acquisition Co. II in the fourth quarter valued at $3,534,000. Finally, Decagon Asset Management LLP purchased a new position in Ares Acquisition Co. II during the 4th quarter valued at $4,089,000. Hedge funds and other institutional investors own 72.95% of the company's stock.
Ares Acquisition Co. II Company Profile
(
Get Free Report)
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.
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