Ares Acquisition Co. II (NYSE:AACT) Sees Unusually-High Trading Volume

Ares Acquisition Co. II (NYSE:AACT) shares saw unusually-strong trading volume on Tuesday . Approximately 887,631 shares changed hands during mid-day trading, an increase of 435% from the previous session’s volume of 165,765 shares.The stock last traded at $10.63 and had previously closed at $10.62.

Ares Acquisition Co. II Stock Up 0.1 %

The firm’s fifty day simple moving average is $10.59 and its 200 day simple moving average is $10.50.

Institutional Trading of Ares Acquisition Co. II

Hedge funds have recently made changes to their positions in the stock. Firethorn Wealth Partners LLC raised its position in Ares Acquisition Co. II by 51.5% during the fourth quarter. Firethorn Wealth Partners LLC now owns 19,728 shares of the company’s stock valued at $206,000 after acquiring an additional 6,708 shares in the last quarter. Condor Capital Management bought a new position in Ares Acquisition Co. II during the fourth quarter valued at approximately $425,000. Virtu Financial LLC bought a new position in Ares Acquisition Co. II during the first quarter valued at approximately $1,161,000. Berkley W R Corp raised its position in Ares Acquisition Co. II by 165.5% during the first quarter. Berkley W R Corp now owns 207,456 shares of the company’s stock valued at $2,193,000 after acquiring an additional 129,324 shares in the last quarter. Finally, Cohanzick Management LLC raised its position in Ares Acquisition Co. II by 133.4% during the fourth quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock valued at $3,197,000 after acquiring an additional 175,000 shares in the last quarter. 72.95% of the stock is owned by hedge funds and other institutional investors.

About Ares Acquisition Co. II

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.