Ares Acquisition Co. II (NYSE:AACT - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 1,167,704 shares changed hands during trading, an increase of 458% from the previous session's volume of 209,381 shares.The stock last traded at $10.88 and had previously closed at $10.90.
Ares Acquisition Co. II Trading Down 0.2 %
The business has a 50-day moving average price of $10.84 and a 200-day moving average price of $10.74.
Institutional Trading of Ares Acquisition Co. II
Several hedge funds and other institutional investors have recently modified their holdings of AACT. Berkley W R Corp grew its position in Ares Acquisition Co. II by 627.4% during the second quarter. Berkley W R Corp now owns 1,509,023 shares of the company's stock valued at $16,101,000 after purchasing an additional 1,301,567 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of 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 valued at $7,440,000 after acquiring an additional 561,796 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Ares Acquisition Co. II in the second quarter worth $5,335,000. Finally, Virtu Financial LLC purchased a new stake in shares of Ares Acquisition Co. II during the first quarter worth $1,161,000. Institutional investors and hedge funds own 72.95% of the company's stock.
Ares Acquisition Co. II Company Profile
(
Get Free Report)
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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