Ares Acquisition Co. II (NYSE:AACT) Sees Strong Trading Volume – What’s Next?

Posted by Anthony Miller on Mar 6th, 2025

Ares Acquisition Co. II (NYSE:AACT – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 100,797 shares changed hands during trading, a decline of 19% from the previous session’s volume of 124,345 shares.The stock last traded at $11.08 and had previously closed at $11.08.

Ares Acquisition Co. II Stock Up 0.1 %

The business’s 50 day moving average price is $11.02 and its 200 day moving average price is $10.91.

Institutional Investors Weigh In On Ares Acquisition Co. II

A number of large investors have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. lifted its holdings in shares of Ares Acquisition Co. II by 2.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company’s stock valued at $27,176,000 after buying an additional 61,500 shares during the period. Toronto Dominion Bank bought a new position in Ares Acquisition Co. II in the fourth quarter valued at about $21,519,000. Berkley W R Corp lifted its holdings in Ares Acquisition Co. II by 6.6% in the fourth quarter. Berkley W R Corp now owns 1,608,763 shares of the company’s stock valued at $17,664,000 after acquiring an additional 99,740 shares during the period. Wolverine Asset Management LLC boosted its position in Ares Acquisition Co. II by 17.7% in the fourth quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company’s stock worth $8,878,000 after purchasing an additional 121,655 shares during the last quarter. Finally, Bulldog Investors LLP grew its stake in shares of Ares Acquisition Co. II by 54.9% during the 4th quarter. Bulldog Investors LLP now owns 523,243 shares of the company’s stock valued at $5,745,000 after purchasing an additional 185,556 shares during the period. Institutional investors own 72.95% of the company’s stock.

About Ares Acquisition Co. II

(Get Free Report)

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.