Ares Acquisition Co. II (NYSE:AACT – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 100,797 shares were traded during trading, a decline of 19% from the previous session’s volume of 124,345 shares.The stock last traded at $11.08 and had previously closed at $11.08.
Ares Acquisition Co. II Price Performance
The business has a 50-day moving average price of $11.02 and a 200 day moving average price of $10.91.
Institutional Investors Weigh In On Ares Acquisition Co. II
Several hedge funds have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. raised its position in shares of Ares Acquisition Co. II by 2.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company’s stock worth $27,176,000 after purchasing an additional 61,500 shares during the last quarter. Toronto Dominion Bank bought a new stake in Ares Acquisition Co. II during the 4th quarter valued at about $21,519,000. Berkley W R Corp increased its stake in Ares Acquisition Co. II by 6.6% during the 4th quarter. Berkley W R Corp now owns 1,608,763 shares of the company’s stock valued at $17,664,000 after purchasing an additional 99,740 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in Ares Acquisition Co. II by 17.7% in the fourth quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company’s stock worth $8,878,000 after buying an additional 121,655 shares during the last quarter. Finally, Bulldog Investors LLP lifted its stake in shares of Ares Acquisition Co. II by 54.9% in the fourth quarter. Bulldog Investors LLP now owns 523,243 shares of the company’s stock worth $5,745,000 after buying an additional 185,556 shares in the last quarter. 72.95% of the stock is owned by institutional investors.
Ares Acquisition Co. II Company Profile
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.
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