Shares of Ares Acquisition Co. II (NYSE:AACT - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 559,574 shares traded hands during mid-day trading, an increase of 58% from the previous session's volume of 354,150 shares.The stock last traded at $11.22 and had previously closed at $11.20.
Ares Acquisition Co. II Trading Up 0.3 %
The firm's 50 day moving average is $11.15 and its 200 day moving average is $11.01.
Institutional Investors Weigh In On Ares Acquisition Co. II
Large investors have recently modified their holdings of the stock. Virtu Financial LLC increased its stake 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 purchasing an additional 914 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Ares Acquisition Co. II in the fourth quarter worth approximately $883,000. FNY Investment Advisers LLC acquired a new stake in shares of Ares Acquisition Co. II during the fourth quarter valued at approximately $1,110,000. Mizuho Securities USA LLC acquired a new position in Ares Acquisition Co. II in the 4th quarter worth approximately $3,534,000. Finally, Decagon Asset Management LLP acquired a new stake in Ares Acquisition Co. II during the 4th quarter valued at $4,089,000. 72.95% of the stock is owned by institutional investors.
Ares Acquisition Co. II Company Profile
(
Get Free Report)
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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