Short Interest in Ares Acquisition Co. II (NYSE:AACT) Increases By 56.8%

Ares Acquisition Co. II (NYSE:AACT) was the target of a significant 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 shares of the stock are sold short. Based on an average daily volume of 172,400 shares, the short-interest ratio is currently 0.0 days.

Ares Acquisition Co. II Stock Performance

Shares of NYSE AACT traded up $0.01 during midday trading on Friday, reaching $11.17. 135,761 shares of the company were exchanged, compared to its average volume of 421,465. The stock’s 50-day moving average price is $11.04 and its 200-day moving average price is $10.93. Ares Acquisition Co. II has a one year low of $10.55 and a one year high of $11.20.

Institutional Trading of Ares Acquisition Co. II

Institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in shares of Ares Acquisition Co. II in the fourth quarter worth $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 valued at $8,878,000 after acquiring an additional 121,655 shares during the last quarter. Toronto Dominion Bank bought a new stake in Ares Acquisition Co. II during the fourth quarter valued at $21,519,000. Jane Street Group LLC bought a new stake in Ares Acquisition Co. II during the fourth quarter valued at $883,000. Finally, D. E. Shaw & Co. Inc. boosted its position in Ares Acquisition Co. II by 2.5% during the fourth 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 last quarter. Institutional investors own 72.95% of the company’s stock.

About Ares Acquisition Co. II

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.