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

Ares Acquisition Co. II (NYSE:AACT) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 29,100 shares, a decrease of 38.6% from the September 15th total of 47,400 shares. Based on an average daily trading volume, of 202,400 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Ares Acquisition Co. II

Several hedge funds and other institutional investors have recently made changes to their positions in AACT. Condor Capital Management grew its holdings 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 valued at $561,000 after purchasing an additional 12,307 shares during the period. Virtu Financial LLC acquired a new position in Ares Acquisition Co. II in the 1st quarter valued at about $1,161,000. Wolverine Asset Management LLC boosted its holdings in Ares Acquisition Co. II by 150,674.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company’s stock valued at $1,335,000 after purchasing an additional 125,060 shares during the last quarter. Berkley W R Corp grew its stake in shares of Ares Acquisition Co. II by 165.5% in the 1st 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 shares of Ares Acquisition Co. II during the 1st quarter worth approximately $3,679,000. Institutional investors and hedge funds own 72.95% of the company’s stock.

Ares Acquisition Co. II Trading Down 0.2 %

AACT stock opened at $10.80 on Friday. The firm has a 50-day moving average of $10.78 and a two-hundred day moving average of $10.69. Ares Acquisition Co. II has a 12 month low of $10.27 and a 12 month high of $11.00.

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.