Short Interest in Ares Acquisition Co. II (NYSE:AACT) Drops By 56.9%

Posted by Donna Armstrong on Sep 27th, 2024

Ares Acquisition Co. II (NYSE:AACT – Get Free Report) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 47,400 shares, a drop of 56.9% from the August 31st total of 109,900 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 252,200 shares, the short-interest ratio is presently 0.2 days.

Ares Acquisition Co. II Price Performance

Shares of Ares Acquisition Co. II stock opened at $10.82 on Friday. The business has a 50-day moving average price of $10.76 and a 200 day moving average price of $10.67. Ares Acquisition Co. II has a fifty-two week low of $10.26 and a fifty-two week high of $10.84.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bulldog Investors LLP grew its stake in Ares Acquisition Co. II by 55.6% during the 4th quarter. Bulldog Investors LLP now owns 426,605 shares of the company’s stock worth $4,454,000 after buying an additional 152,411 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Ares Acquisition Co. II during the first quarter worth about $1,161,000. Wolverine Asset Management LLC increased its holdings in shares of Ares Acquisition Co. II by 150,674.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company’s stock worth $1,335,000 after acquiring an additional 125,060 shares during the period. Cohanzick Management LLC lifted its position in Ares Acquisition Co. II by 133.4% in the 4th quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock valued at $3,197,000 after purchasing an additional 175,000 shares during the last quarter. Finally, Condor Capital Management lifted its position in Ares Acquisition Co. II by 30.2% in the 1st quarter. Condor Capital Management now owns 53,057 shares of the company’s stock valued at $561,000 after purchasing an additional 12,307 shares during the last quarter. 72.95% of the stock is currently owned by institutional investors.

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. Ares Acquisition Corporation II was incorporated in 2021 and is based in New York, New York.