Shares of Ares Acquisition Co. II (NYSE:AACT – Get Free Report) saw strong trading volume on Friday . 1,167,704 shares traded hands during mid-day trading, an increase of 458% from the previous session’s volume of 209,381 shares.The stock last traded at $10.88 and had previously closed at $10.90.
Ares Acquisition Co. II Trading Down 0.2 %
The company’s 50-day moving average price is $10.83 and its two-hundred day moving average price is $10.74.
Institutional Trading of Ares Acquisition Co. II
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC grew its position in shares of Ares Acquisition Co. II by 7.6% in the 2nd quarter. Virtu Financial LLC now owns 118,148 shares of the company’s stock worth $1,261,000 after buying an additional 8,324 shares during the last quarter. Wolverine Asset Management LLC lifted 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 period. Berkley W R Corp boosted 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 valued at $2,193,000 after buying an additional 129,324 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in Ares Acquisition Co. II during the second quarter worth about $5,335,000. 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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