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

Ares Acquisition Co. II (NYSE:AACT) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 20,300 shares, an increase of 38.1% from the November 15th total of 14,700 shares. Based on an average trading volume of 142,500 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Virtu Financial LLC raised its stake in Ares Acquisition Co. II by 7.6% in the second quarter. Virtu Financial LLC now owns 118,148 shares of the company’s stock valued at $1,261,000 after buying an additional 8,324 shares during the last quarter. Wolverine Asset Management LLC increased its holdings 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 acquiring an additional 125,060 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Ares Acquisition Co. II in the 2nd quarter valued at approximately $5,335,000. Finally, Berkley W R Corp boosted its stake in Ares Acquisition Co. II by 627.4% in the 2nd quarter. Berkley W R Corp now owns 1,509,023 shares of the company’s stock worth $16,101,000 after purchasing an additional 1,301,567 shares in the last quarter. Institutional investors own 72.95% of the company’s stock.

Ares Acquisition Co. II Stock Performance

Ares Acquisition Co. II stock traded down $0.01 during trading hours on Friday, reaching $10.94. The stock had a trading volume of 36,634 shares, compared to its average volume of 204,011. The business’s 50 day moving average price is $10.88 and its 200-day moving average price is $10.78. Ares Acquisition Co. II has a 52 week low of $10.40 and a 52 week high of $11.00.

About Ares Acquisition Co. II

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.