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

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

Hedge Funds Weigh In On Ares Acquisition Co. II

A number of institutional investors have recently modified their holdings of the company. Berkley W R Corp grew its stake in Ares Acquisition Co. II by 627.4% in the 2nd quarter. Berkley W R Corp now owns 1,509,023 shares of the company’s stock worth $16,101,000 after acquiring an additional 1,301,567 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of Ares Acquisition Co. II during the second quarter worth $5,335,000. Mizuho Securities USA LLC purchased a new stake in shares of Ares Acquisition Co. II in the first quarter valued at $3,679,000. Wolverine Asset Management LLC grew its position in shares of Ares Acquisition Co. II by 150,674.7% in the second 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 period. Finally, Virtu Financial LLC increased its stake in Ares Acquisition Co. II by 7.6% in the second quarter. Virtu Financial LLC now owns 118,148 shares of the company’s stock valued at $1,261,000 after purchasing 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 Price Performance

Shares of AACT stock opened at $10.80 on Monday. The firm has a 50-day moving average price of $10.78 and a 200 day moving average price of $10.69. Ares Acquisition Co. II has a twelve month low of $10.27 and a twelve 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.