Shares of Ares Acquisition Co. II (NYSE:AACT - Get Free Report) saw unusually-strong 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 Up 0.1 %
The firm has a 50 day simple moving average of $10.94 and a 200-day simple moving average of $10.84.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC boosted its stake in Ares Acquisition Co. II by 7.6% in the second quarter. Virtu Financial LLC now owns 118,148 shares of the company's stock valued at $1,261,000 after acquiring an additional 8,324 shares in the last quarter. Berkley W R Corp lifted its holdings in shares of Ares Acquisition Co. II by 627.4% during the 2nd 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 during the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Ares Acquisition Co. II in the 2nd quarter worth $5,335,000. Wolverine Asset Management LLC grew its stake 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 buying an additional 561,796 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Ares Acquisition Co. II during the 4th quarter valued at about $1,110,000. 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 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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