Ares Acquisition Co. II (NYSE:AACT) Sees Large Increase in Short Interest

Ares Acquisition Co. II (NYSE:AACT) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 14,700 shares, an increase of 7.3% from the October 31st total of 13,700 shares. Based on an average trading volume of 183,800 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC grew its holdings in Ares Acquisition Co. II by 7.6% during the 2nd quarter. Virtu Financial LLC now owns 118,148 shares of the company’s stock worth $1,261,000 after acquiring an additional 8,324 shares in the last quarter. Wolverine Asset Management LLC lifted its position in shares of Ares Acquisition Co. II by 150,674.7% during the second quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company’s stock valued at $1,335,000 after buying an additional 125,060 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Ares Acquisition Co. II during the second quarter valued at about $5,335,000. Finally, Berkley W R Corp lifted its position in shares of Ares Acquisition Co. II by 627.4% during the second quarter. Berkley W R Corp now owns 1,509,023 shares of the company’s stock valued at $16,101,000 after buying an additional 1,301,567 shares during the last quarter. 72.95% of the stock is currently owned by institutional investors.

Ares Acquisition Co. II Stock Performance

Shares of Ares Acquisition Co. II stock opened at $10.93 on Thursday. Ares Acquisition Co. II has a 1 year low of $10.37 and a 1 year high of $11.00. The firm’s 50-day moving average is $10.87 and its two-hundred day moving average is $10.77.

Ares Acquisition Co. II Company Profile

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.