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

Ares Acquisition Co. II (NYSE:AACT) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 13,700 shares, a decrease of 34.4% from the October 15th total of 20,900 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 178,100 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AACT. Condor Capital Management boosted its stake in shares of Ares Acquisition Co. II by 30.2% in the 1st 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 in the last quarter. Virtu Financial LLC bought a new position in Ares Acquisition Co. II during the 1st quarter valued at about $1,161,000. Wolverine Asset Management LLC lifted its holdings in Ares Acquisition Co. II by 150,674.7% during 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 boosted its position in Ares Acquisition Co. II by 165.5% in the first 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 in the last quarter. Finally, Mizuho Securities USA LLC bought a new stake in Ares Acquisition Co. II during the first quarter worth about $3,679,000. 72.95% of the stock is currently owned by institutional investors and hedge funds.

Ares Acquisition Co. II Trading Down 0.2 %

Shares of AACT traded down $0.02 during mid-day trading on Friday, reaching $10.88. The company had a trading volume of 1,885,983 shares, compared to its average volume of 212,632. Ares Acquisition Co. II has a twelve month low of $10.34 and a twelve month high of $11.00. The company’s 50-day moving average is $10.84 and its 200-day moving average is $10.74.

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.