Short Interest in Ares Acquisition Co. II (NYSE:AACT) Rises By 1,095.8%

Ares Acquisition Co. II (NYSE:AACT) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 28,700 shares, a growth of 1,095.8% from the June 30th total of 2,400 shares. Based on an average daily volume of 300,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Firethorn Wealth Partners LLC increased its stake in shares of Ares Acquisition Co. II by 51.5% in the fourth quarter. Firethorn Wealth Partners LLC now owns 19,728 shares of the company’s stock worth $206,000 after acquiring an additional 6,708 shares during the period. Condor Capital Management increased its stake in shares of Ares Acquisition Co. II by 30.2% in the first quarter. Condor Capital Management now owns 53,057 shares of the company’s stock worth $561,000 after acquiring an additional 12,307 shares during the period. Virtu Financial LLC acquired a new stake in shares of Ares Acquisition Co. II in the first quarter worth $1,161,000. Berkley W R Corp increased 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 worth $2,193,000 after acquiring an additional 129,324 shares during the period. Finally, Bulldog Investors LLP increased its stake in shares of Ares Acquisition Co. II by 55.6% in the fourth quarter. Bulldog Investors LLP now owns 426,605 shares of the company’s stock worth $4,454,000 after acquiring an additional 152,411 shares during the period. Institutional investors and hedge funds own 72.95% of the company’s stock.

Ares Acquisition Co. II Stock Performance

Ares Acquisition Co. II stock remained flat at $10.73 during mid-day trading on Thursday. 6,074 shares of the company’s stock were exchanged, compared to its average volume of 221,343. Ares Acquisition Co. II has a twelve month low of $10.17 and a twelve month high of $10.76. The company has a fifty day moving average price of $10.67 and a two-hundred day moving average price of $10.59.

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.