Ares Acquisition Co. II (NYSE:AACT) Sees Large Growth in Short Interest

Ares Acquisition Co. II (NYSE:AACT) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 6,900 shares, an increase of 56.8% from the February 13th total of 4,400 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 172,400 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AACT. FNY Investment Advisers LLC purchased a new stake in Ares Acquisition Co. II in the 4th quarter worth about $1,110,000. Wolverine Asset Management LLC boosted its position in Ares Acquisition Co. II by 17.7% during the fourth quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company’s stock worth $8,878,000 after purchasing an additional 121,655 shares during the period. Toronto Dominion Bank acquired a new position in Ares Acquisition Co. II in the 4th quarter valued at $21,519,000. Jane Street Group LLC acquired a new stake in shares of Ares Acquisition Co. II in the fourth quarter valued at about $883,000. Finally, D. E. Shaw & Co. Inc. increased its position in 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 worth $27,176,000 after buying an additional 61,500 shares during the period. Institutional investors own 72.95% of the company’s stock.

Ares Acquisition Co. II Trading Up 0.2 %

Shares of AACT traded up $0.03 during mid-day trading on Monday, reaching $11.18. 686,945 shares of the stock traded hands, compared to its average volume of 426,006. The stock has a fifty day simple moving average of $11.04 and a 200 day simple moving average of $10.93. Ares Acquisition Co. II has a 12-month low of $10.55 and a 12-month high of $11.20.

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.