Ares Acquisition Co. II (NYSE:AACT) Short Interest Up 56.8% in February

Ares Acquisition Co. II (NYSE:AACT) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 6,900 shares, a growth of 56.8% from the February 13th total of 4,400 shares. Based on an average daily volume of 172,400 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Ares Acquisition Co. II Stock Up 0.2 %

Shares of AACT stock traded up $0.03 during mid-day trading on Monday, reaching $11.18. The stock had a trading volume of 686,945 shares, compared to its average volume of 426,006. Ares Acquisition Co. II has a 1-year low of $10.55 and a 1-year high of $11.20. The business’s fifty day moving average is $11.04 and its 200-day moving average is $10.93.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank acquired a new position in Ares Acquisition Co. II during the fourth quarter worth $21,519,000. D. E. Shaw & Co. Inc. raised its stake in Ares Acquisition Co. II by 2.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company’s stock valued at $27,176,000 after purchasing an additional 61,500 shares during the last quarter. Bulldog Investors LLP lifted its holdings in Ares Acquisition Co. II by 54.9% in the 4th quarter. Bulldog Investors LLP now owns 523,243 shares of the company’s stock valued at $5,745,000 after purchasing an additional 185,556 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Ares Acquisition Co. II during the 4th quarter worth about $883,000. Finally, Berkley W R Corp grew its holdings in shares of Ares Acquisition Co. II by 6.6% during the fourth quarter. Berkley W R Corp now owns 1,608,763 shares of the company’s stock worth $17,664,000 after buying an additional 99,740 shares in the last quarter. 72.95% of the stock is owned by hedge funds and other institutional investors.

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.