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

Ares Acquisition Co. II (NYSE:AACT) was the target of a significant increase in short interest during the month of 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 short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Ares Acquisition Co. II Price Performance

Ares Acquisition Co. II stock 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. The company has a 50 day moving average of $10.88 and a 200-day moving average of $10.78. Ares Acquisition Co. II has a 52 week low of $10.40 and a 52 week high of $11.00.

Institutional Investors Weigh In On Ares Acquisition Co. II

A number of institutional investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC lifted its position in Ares Acquisition Co. II by 448.9% in the third quarter. Wolverine Asset Management LLC now owns 686,939 shares of the company’s stock worth $7,440,000 after purchasing an additional 561,796 shares during the period. Driehaus Capital Management LLC acquired a new position in shares of Ares Acquisition Co. II in the 2nd quarter valued at $5,335,000. Berkley W R Corp lifted 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 acquiring an additional 1,301,567 shares during the period. Finally, Virtu Financial LLC boosted its position in shares of Ares Acquisition Co. II by 7.6% during the 2nd quarter. Virtu Financial LLC now owns 118,148 shares of the company’s stock valued at $1,261,000 after acquiring an additional 8,324 shares in the last quarter. 72.95% of the stock is owned by institutional investors and hedge funds.

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.