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

Ares Acquisition Co. II (NYSE:AACT) saw unusually-high trading volume on Wednesday . Approximately 116,899 shares traded hands during 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 Trading Up 0.1 %

The company’s fifty day moving average price is $10.96 and its 200-day moving average price is $10.85.

Institutional Investors Weigh In On Ares Acquisition Co. II

An institutional investor recently bought a new position in Ares Acquisition Co. II stock. FNY Investment Advisers LLC purchased a new stake in Ares Acquisition Co. II (NYSE:AACT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 and Exchange Commission (SEC). 72.95% of the stock is currently owned by institutional investors and hedge funds.

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.