Ares Acquisition Co. II (NYSE:AACT - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 502,652 shares were traded during trading, an increase of 136% from the previous session's volume of 213,204 shares.The stock last traded at $10.87 and had previously closed at $10.86.
Ares Acquisition Co. II Stock Performance
The stock has a 50 day simple moving average of $10.80 and a 200 day simple moving average of $10.71.
Institutional Investors Weigh In On Ares Acquisition Co. II
Several institutional investors and hedge funds have recently bought and sold shares of AACT. Condor Capital Management lifted its holdings in shares of Ares Acquisition Co. II by 30.2% during the 1st quarter. Condor Capital Management now owns 53,057 shares of the company's stock worth $561,000 after acquiring an additional 12,307 shares during the period. Virtu Financial LLC acquired a new stake in shares of Ares Acquisition Co. II in the 1st quarter valued at $1,161,000. Wolverine Asset Management LLC increased its stake in shares of Ares Acquisition Co. II by 150,674.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company's stock valued at $1,335,000 after purchasing an additional 125,060 shares during the last quarter. Berkley W R Corp raised its holdings in shares of Ares Acquisition Co. II by 165.5% during the 1st quarter. Berkley W R Corp now owns 207,456 shares of the company's stock worth $2,193,000 after buying an additional 129,324 shares in the last quarter. Finally, Mizuho Securities USA LLC bought a new stake in shares of Ares Acquisition Co. II during the 1st quarter worth $3,679,000. 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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