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

Ares Acquisition Co. II (NYSE:AACTGet Free Report) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 25,100 shares, a growth of 765.5% from the February 29th total of 2,900 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 154,400 shares, the days-to-cover ratio is presently 0.2 days.

Ares Acquisition Co. II Price Performance

AACT stock opened at $10.57 on Thursday. The business has a 50 day simple moving average of $10.52 and a 200-day simple moving average of $10.41. Ares Acquisition Co. II has a twelve month low of $10.10 and a twelve month high of $10.76.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Karpus Management Inc. grew its holdings in Ares Acquisition Co. II by 58.5% in the fourth quarter. Karpus Management Inc. now owns 2,712,010 shares of the company’s stock valued at $28,313,000 after purchasing an additional 1,001,110 shares during the last quarter. Bulldog Investors LLP boosted its stake in shares of Ares Acquisition Co. II by 55.6% during the fourth quarter. Bulldog Investors LLP now owns 426,605 shares of the company’s stock valued at $4,454,000 after acquiring an additional 152,411 shares during the last quarter. Cohanzick Management LLC boosted its stake in shares of Ares Acquisition Co. II by 133.4% during the fourth quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock valued at $3,197,000 after acquiring an additional 175,000 shares during the last quarter. Castle Creek Arbitrage LLC acquired a new stake in shares of Ares Acquisition Co. II during the second quarter valued at $2,539,000. Finally, Quarry LP acquired a new stake in shares of Ares Acquisition Co. II during the second quarter valued at $1,863,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.

Ares Acquisition Co. II Company Profile

(Get Free Report)

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. The company was incorporated in 2021 and is based in New York, New York.

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