Ares Acquisition Co. II (NYSE:AACT) Sees Strong Trading Volume – Should You Buy?

Ares Acquisition Co. II (NYSE:AACT) saw strong trading volume on Wednesday . 116,899 shares were traded 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 Stock Up 0.1 %

The firm has a 50 day moving average of $10.96 and a 200-day moving average of $10.85.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ares Acquisition Co. II stock. FNY Investment Advisers LLC purchased a new stake in shares of Ares Acquisition Co. II (NYSE:AACT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 101,100 shares of the company’s stock, valued at approximately $1,110,000. FNY Investment Advisers LLC owned about 0.16% of Ares Acquisition Co. II as of its most recent filing with the Securities & Exchange Commission. 72.95% of the stock is owned by hedge funds and other 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.