Ares Acquisition Co. II (NYSE:AACT) Sees Strong Trading Volume

Ares Acquisition Co. II (NYSE:AACT) shares saw unusually-high trading volume on Wednesday . Approximately 201,079 shares changed hands during mid-day trading, a decline of 11% from the previous session’s volume of 226,142 shares.The stock last traded at $10.82 and had previously closed at $10.81.

Ares Acquisition Co. II Trading Up 0.1 %

The firm’s fifty day moving average is $10.75 and its 200-day moving average is $10.66.

Institutional Investors Weigh In On Ares Acquisition Co. II

Hedge funds have recently modified their holdings of the company. Condor Capital Management bought a new stake in shares of Ares Acquisition Co. II in the fourth quarter worth $425,000. Virtu Financial LLC bought a new stake in shares of Ares Acquisition Co. II in the 1st quarter valued at about $1,161,000. Wolverine Asset Management LLC increased its stake in shares of Ares Acquisition Co. II by 150,674.7% in 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 raised its position in shares of Ares Acquisition Co. II by 165.5% during the first 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 during the last quarter. Finally, Cohanzick Management LLC lifted its stake in shares of Ares Acquisition Co. II by 133.4% in the fourth quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock worth $3,197,000 after acquiring an additional 175,000 shares during the period. Institutional investors and hedge funds own 72.95% of the company’s stock.

Ares Acquisition Co. II Company Profile

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.