Ares Acquisition Co. II (NYSE:AACT - Get Free Report) saw a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 10,400 shares, a decrease of 32.5% from the January 15th total of 15,400 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 134,800 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On Ares Acquisition Co. II
Several large investors have recently added to or reduced their stakes in AACT. Virtu Financial LLC grew its position in shares of Ares Acquisition Co. II by 4.2% during the fourth quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock worth $249,000 after acquiring an additional 914 shares during the last quarter. Jane Street Group LLC acquired a new position in Ares Acquisition Co. II during the 4th quarter valued at about $883,000. FNY Investment Advisers LLC bought a new position in Ares Acquisition Co. II in the 4th quarter worth about $1,110,000. Mizuho Securities USA LLC acquired a new stake in shares of Ares Acquisition Co. II in the fourth quarter valued at approximately $3,534,000. Finally, Decagon Asset Management LLP bought a new stake in shares of Ares Acquisition Co. II during the fourth quarter valued at approximately $4,089,000. 72.95% of the stock is owned by institutional investors and hedge funds.
Ares Acquisition Co. II Trading Down 0.0 %
Shares of NYSE AACT traded down $0.01 during mid-day trading on Tuesday, hitting $11.05. The company had a trading volume of 5,085 shares, compared to its average volume of 114,587. Ares Acquisition Co. II has a 12 month low of $10.48 and a 12 month high of $11.07. The firm's 50 day simple moving average is $10.99 and its two-hundred day simple moving average is $10.88.
Ares Acquisition Co. II Company Profile
(
Get Free Report)
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.
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