Shares of Ares Acquisition Co. II (NYSE:AACT – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 541,904 shares traded hands during mid-day trading, an increase of 133% from the previous session’s volume of 232,141 shares.The stock last traded at $10.79 and had previously closed at $10.77.
Ares Acquisition Co. II Trading Up 0.1 %
The company has a fifty day moving average price of $10.73 and a 200-day moving average price of $10.65.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Condor Capital Management purchased a new position in Ares Acquisition Co. II in the 4th quarter worth about $425,000. Virtu Financial LLC bought a new position in Ares Acquisition Co. II in the first quarter worth approximately $1,161,000. Wolverine Asset Management LLC increased its stake in shares of Ares Acquisition Co. II by 150,674.7% during the second quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company’s stock valued at $1,335,000 after buying an additional 125,060 shares during the period. Berkley W R Corp grew its holdings in 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 acquiring an additional 129,324 shares in the last quarter. Finally, Cohanzick Management LLC raised its holdings in shares of Ares Acquisition Co. II by 133.4% in the 4th quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock valued at $3,197,000 after purchasing an additional 175,000 shares in the last quarter. Hedge funds and other institutional investors own 72.95% of the company’s stock.
About Ares Acquisition Co. II
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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