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

Ares Acquisition Co. II (NYSE:AACT) was the target 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. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 142,500 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Ares Acquisition Co. II

Several institutional investors have recently modified their holdings of the stock. Virtu Financial LLC increased its position in shares of 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 purchasing an additional 8,324 shares in the last quarter. Wolverine Asset Management LLC grew 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 worth $1,335,000 after buying an additional 125,060 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Ares Acquisition Co. II in the second quarter valued at about $5,335,000. Finally, Berkley W R Corp lifted its stake in shares of Ares Acquisition Co. II by 627.4% in the second 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 in the last quarter. Institutional investors and hedge funds own 72.95% of the company’s stock.

Ares Acquisition Co. II Price Performance

Shares of Ares Acquisition Co. II stock traded down $0.01 on Friday, hitting $10.94. The company’s stock had a trading volume of 36,289 shares, compared to its average volume of 204,010. The firm has a fifty day moving average price of $10.88 and a 200-day moving average price of $10.78. Ares Acquisition Co. II has a 1 year low of $10.40 and a 1 year 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.