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

Ares Acquisition Co. II (NYSE:AACT) saw an uptick in trading volume on Monday . 1,206,154 shares were traded during mid-day trading, an increase of 361% from the previous session’s volume of 261,549 shares.The stock last traded at $11.16 and had previously closed at $11.17.

Ares Acquisition Co. II Stock Up 0.0 %

The firm has a 50 day simple moving average of $11.10 and a two-hundred day simple moving average of $10.98.

Hedge Funds Weigh In On Ares Acquisition Co. II

Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC lifted its stake in shares of Ares Acquisition Co. II by 4.2% during the fourth 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. Jane Street Group LLC acquired a new stake in Ares Acquisition Co. II during the 4th quarter worth approximately $883,000. FNY Investment Advisers LLC purchased a new stake in Ares Acquisition Co. II during the 4th quarter worth $1,110,000. Mizuho Securities USA LLC purchased a new stake in shares of Ares Acquisition Co. II during the 4th quarter valued at about $3,534,000. Finally, Decagon Asset Management LLP acquired a new position in shares of Ares Acquisition Co. II during the fourth quarter worth $4,089,000. 72.95% of the stock is owned by hedge funds and other institutional investors.

Ares Acquisition Co. II Company Profile

Ares Acquisition Corp. II is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on March 15, 2021 and is headquartered in New York, NY.