Short Interest in Ares Acquisition Co. II (NYSE:AACT) Rises By 38.1%

Ares Acquisition Co. II (NYSE:AACT) saw 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 days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC raised its stake in shares of Ares Acquisition Co. II by 448.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 686,939 shares of the company’s stock valued at $7,440,000 after acquiring an additional 561,796 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Ares Acquisition Co. II in the second quarter worth $5,335,000. Berkley W R Corp boosted its holdings in shares of Ares Acquisition Co. II by 627.4% during the 2nd quarter. Berkley W R Corp now owns 1,509,023 shares of the company’s stock worth $16,101,000 after buying an additional 1,301,567 shares during the period. Finally, Virtu Financial LLC grew its stake in Ares Acquisition Co. II by 7.6% in the 2nd 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. Institutional investors and hedge funds own 72.95% of the company’s stock.

Ares Acquisition Co. II Trading Down 0.1 %

Shares of NYSE AACT traded down $0.01 during mid-day trading on Friday, reaching $10.94. The company had a trading volume of 36,634 shares, compared to its average volume of 204,011. Ares Acquisition Co. II has a twelve month low of $10.40 and a twelve month high of $11.00. The stock’s 50 day moving average is $10.88 and its 200-day moving average is $10.78.

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.