Ares Acquisition Co. II (NYSE:AACT) Short Interest Update

Ares Acquisition Co. II (NYSE:AACT) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 4,400 shares, a decrease of 57.7% from the January 31st total of 10,400 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 98,200 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Ares Acquisition Co. II

Institutional investors have recently modified their holdings of the stock. D. E. Shaw & Co. Inc. raised its position in shares of 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 acquiring an additional 61,500 shares during the period. Toronto Dominion Bank acquired a new stake in Ares Acquisition Co. II in the fourth quarter worth $21,519,000. Berkley W R Corp boosted its position 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 purchasing an additional 99,740 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Ares Acquisition Co. II by 17.7% in the 4th quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company’s stock valued at $8,878,000 after buying an additional 121,655 shares during the period. Finally, Bulldog Investors LLP increased its position in shares of 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 buying an additional 185,556 shares in the last quarter. 72.95% of the stock is currently owned by institutional investors and hedge funds.

Ares Acquisition Co. II Stock Up 0.1 %

Shares of NYSE:AACT traded up $0.01 during midday trading on Friday, hitting $11.07. The company had a trading volume of 2,501 shares, compared to its average volume of 130,456. Ares Acquisition Co. II has a 12 month low of $10.48 and a 12 month high of $11.09. The firm has a fifty day simple moving average of $11.01 and a 200 day simple moving average of $10.90.

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.