Ares Acquisition Co. II (NYSE:AACT – Get Free Report) shares saw strong trading volume on Tuesday . 502,652 shares traded hands 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 firm has a 50 day moving average price of $10.80 and a two-hundred day moving average price of $10.71.
Hedge Funds Weigh In On Ares Acquisition Co. II
Large investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in Ares Acquisition Co. II in the first quarter worth about $1,161,000. Driehaus Capital Management LLC acquired a new stake in shares of Ares Acquisition Co. II in the second quarter valued at approximately $5,335,000. 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 purchasing an additional 125,060 shares during the period. Condor Capital Management increased its stake in shares of Ares Acquisition Co. II by 30.2% in the first quarter. Condor Capital Management now owns 53,057 shares of the company’s stock valued at $561,000 after purchasing an additional 12,307 shares during the period. Finally, Berkley W R Corp increased its stake in shares of Ares Acquisition Co. II by 627.4% in the second quarter. Berkley W R Corp now owns 1,509,023 shares of the company’s stock valued at $16,101,000 after purchasing an additional 1,301,567 shares during the period. Institutional investors 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.
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