Ares Acquisition Co. II (NYSE:AACT) Sees Large Volume Increase – Time to Buy?

Ares Acquisition Co. II (NYSE:AACT) saw an uptick in trading volume on Thursday . 719,150 shares traded hands during trading, an increase of 187% from the previous session’s volume of 250,699 shares.The stock last traded at $11.20 and had previously closed at $11.17.

Ares Acquisition Co. II Price Performance

The business has a 50 day simple moving average of $11.05 and a 200 day simple moving average of $10.94.

Institutional Investors Weigh In On Ares Acquisition Co. II

Several large investors have recently modified their holdings of AACT. Virtu Financial LLC lifted its stake 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 purchasing an additional 914 shares during the period. D. E. Shaw & Co. Inc. lifted its position in Ares Acquisition Co. II by 2.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company’s stock worth $27,176,000 after acquiring an additional 61,500 shares during the last quarter. Jane Street Group LLC acquired a new stake in Ares Acquisition Co. II during the fourth quarter worth approximately $883,000. Berkley W R Corp lifted its position in shares of 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 acquiring an additional 99,740 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in Ares Acquisition Co. II in the 4th quarter valued at about $1,110,000. 72.95% of the stock is currently owned by institutional investors.

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.