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

Ares Acquisition Co. II (NYSE:AACT) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 13,700 shares, a drop of 34.4% from the October 15th total of 20,900 shares. Based on an average trading volume of 178,100 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Ares Acquisition Co. II Price Performance

Shares of NYSE AACT traded down $0.02 during trading hours on Friday, hitting $10.88. 1,885,983 shares of the stock were exchanged, compared to its average volume of 212,632. Ares Acquisition Co. II has a one year low of $10.34 and a one year high of $11.00. The company’s 50 day moving average is $10.84 and its 200 day moving average is $10.74.

Institutional Investors Weigh In On Ares Acquisition Co. II

A number of hedge funds have recently bought and sold shares of AACT. Virtu Financial LLC increased its position in Ares Acquisition Co. II by 7.6% during the second 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 during the period. Condor Capital Management raised its position in shares of Ares Acquisition Co. II by 30.2% during the first quarter. Condor Capital Management now owns 53,057 shares of the company’s stock valued at $561,000 after buying an additional 12,307 shares during the last quarter. Wolverine Asset Management LLC raised 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. Berkley W R Corp lifted its stake in shares of Ares Acquisition Co. II by 165.5% in the first quarter. Berkley W R Corp now owns 207,456 shares of the company’s stock valued at $2,193,000 after buying an additional 129,324 shares during the period. Finally, Mizuho Securities USA LLC acquired a new stake in Ares Acquisition Co. II during the first quarter worth about $3,679,000. 72.95% of the stock is currently owned by institutional investors.

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.