Ares Acquisition Co. II (NYSE:AACT – Get Free Report) shares saw an uptick in trading volume on Friday . 1,167,704 shares changed hands during mid-day trading, an increase of 458% from the previous session’s volume of 209,381 shares.The stock last traded at $10.88 and had previously closed at $10.90.
Ares Acquisition Co. II Stock Down 0.2 %
The stock has a 50 day moving average of $10.84 and a two-hundred day moving average of $10.74.
Hedge Funds Weigh In On Ares Acquisition Co. II
A number of institutional investors and hedge funds have recently made changes to their positions in AACT. Wolverine Asset Management LLC lifted its stake in shares of Ares Acquisition Co. II by 448.9% in the third quarter. Wolverine Asset Management LLC now owns 686,939 shares of the company’s stock valued at $7,440,000 after purchasing an additional 561,796 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of Ares Acquisition Co. II during the 2nd quarter valued at approximately $5,335,000. Berkley W R Corp lifted its position in shares of Ares Acquisition Co. II by 627.4% during the 2nd quarter. Berkley W R Corp now owns 1,509,023 shares of the company’s stock valued at $16,101,000 after acquiring an additional 1,301,567 shares during the period. Finally, Virtu Financial LLC boosted its stake in shares of Ares Acquisition Co. II by 7.6% during the 2nd quarter. Virtu Financial LLC now owns 118,148 shares of the company’s stock worth $1,261,000 after acquiring an additional 8,324 shares in the last quarter. 72.95% of the stock is owned by institutional investors and hedge funds.
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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