Ares Acquisition Co. II (NYSE:AACT) Sees Unusually-High Trading Volume – Here’s Why

Ares Acquisition Co. II (NYSE:AACT) saw strong trading volume on Wednesday . 1,063,826 shares were traded during mid-day trading, an increase of 234% from the previous session’s volume of 318,945 shares.The stock last traded at $11.14 and had previously closed at $11.16.

Ares Acquisition Co. II Stock Down 0.2 %

The business has a 50 day moving average price of $11.03 and a 200-day moving average price of $10.92.

Institutional Trading of Ares Acquisition Co. II

Several large investors have recently bought and sold shares of AACT. FNY Investment Advisers LLC acquired a new stake in Ares Acquisition Co. II during the 4th quarter valued at $1,110,000. Wolverine Asset Management LLC boosted its position in Ares Acquisition Co. II by 17.7% in the 4th quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company’s stock valued at $8,878,000 after buying an additional 121,655 shares during the last quarter. Toronto Dominion Bank acquired a new stake in shares of Ares Acquisition Co. II during the fourth quarter valued at about $21,519,000. Jane Street Group LLC acquired a new position in shares of Ares Acquisition Co. II in the fourth quarter worth about $883,000. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Ares Acquisition Co. II by 2.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company’s stock valued at $27,176,000 after purchasing an additional 61,500 shares during the last quarter. 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.