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

Ares Acquisition Co. II (NYSE:AACT) saw unusually-strong trading volume on Thursday . Approximately 602,291 shares changed hands during mid-day trading, an increase of 450% from the previous session’s volume of 109,497 shares.The stock last traded at $11.07 and had previously closed at $11.04.

Ares Acquisition Co. II Stock Up 0.1 %

The firm’s 50 day moving average price is $11.01 and its two-hundred day moving average price is $10.90.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC boosted its stake in Ares Acquisition Co. II by 4.2% during the 4th quarter. Virtu Financial LLC now owns 22,710 shares of the company’s stock valued at $249,000 after acquiring an additional 914 shares during the last quarter. Jane Street Group LLC bought a new position in Ares Acquisition Co. II during the 4th quarter valued at $883,000. FNY Investment Advisers LLC bought a new position in Ares Acquisition Co. II during the 4th quarter valued at $1,110,000. Mizuho Securities USA LLC bought a new position in Ares Acquisition Co. II during the 4th quarter valued at $3,534,000. Finally, Decagon Asset Management LLP bought a new position in Ares Acquisition Co. II during the 4th quarter valued at $4,089,000. 72.95% of the stock is currently 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.