Ares Acquisition Co. II (NYSE:AACT) Sees Unusually-High Trading Volume – What’s Next?

Ares Acquisition Co. II (NYSE:AACT) shares saw unusually-strong trading volume on Wednesday . Approximately 501,654 shares changed hands during trading, an increase of 352% from the previous session’s volume of 111,046 shares.The stock last traded at $11.06 and had previously closed at $11.05.

Ares Acquisition Co. II Trading Down 0.0 %

The business’s fifty day simple moving average is $11.00 and its 200 day simple moving average is $10.89.

Hedge Funds Weigh In On Ares Acquisition Co. II

Several institutional investors and hedge funds have recently made changes to their positions in AACT. Wolverine Asset Management LLC grew its holdings in shares of Ares Acquisition Co. II by 448.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 686,939 shares of the company’s stock valued at $7,440,000 after buying an additional 561,796 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Ares Acquisition Co. II in the 4th quarter valued at $1,110,000. Decagon Asset Management LLP acquired a new position in shares of Ares Acquisition Co. II in the 4th quarter valued at $4,089,000. Virtu Financial LLC grew its holdings in shares of Ares Acquisition Co. II by 4.2% in the 4th quarter. Virtu Financial LLC now owns 22,710 shares of the company’s stock valued at $249,000 after buying an additional 914 shares during the period. Finally, Mizuho Securities USA LLC acquired a new position in shares of Ares Acquisition Co. II in the 4th quarter valued at $3,534,000. Institutional investors and hedge funds own 72.95% of the company’s stock.

About Ares Acquisition Co. II

Ares Acquisition Corp. II is a blank check company which engages in effecting a merger, share exchange, asset acquisition, share purchase, and reorganization or similar business combination. The company was founded on March 15, 2021 and is headquartered in New York, NY.