Ares Acquisition Co. II (NYSE:AACT – Get Free Report) saw strong trading volume on Wednesday . 116,899 shares traded hands during mid-day trading, an increase of 68% from the previous session’s volume of 69,666 shares.The stock last traded at $11.02 and had previously closed at $11.00.
Ares Acquisition Co. II Price Performance
The business’s 50-day simple moving average is $10.96 and its 200 day simple moving average is $10.86.
Institutional Trading of Ares Acquisition Co. II
A hedge fund recently bought a new stake in Ares Acquisition Co. II stock. FNY Investment Advisers LLC purchased a new stake in shares of Ares Acquisition Co. II (NYSE:AACT – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 101,100 shares of the company’s stock, valued at approximately $1,110,000. FNY Investment Advisers LLC owned 0.16% of Ares Acquisition Co. II as of its most recent SEC filing. Institutional investors and hedge funds own 72.95% of the company’s stock.
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.
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