Ares Acquisition Co. II (NYSE:AACT) Short Interest Up 7.3% in November

Ares Acquisition Co. II (NYSE:AACT - Get Free Report) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 14,700 shares, a growth of 7.3% from the October 31st total of 13,700 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 183,800 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Ares Acquisition Co. II

Hedge funds and other institutional investors have recently bought and sold shares of the company. Berkley W R Corp boosted its holdings in shares of Ares Acquisition Co. II by 627.4% in the 2nd quarter. Berkley W R Corp now owns 1,509,023 shares of the company's stock valued at $16,101,000 after buying an additional 1,301,567 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in Ares Acquisition Co. II by 448.9% during 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 in the last quarter. Driehaus Capital Management LLC acquired a new stake in Ares Acquisition Co. II in the second quarter valued at about $5,335,000. Finally, Virtu Financial LLC increased its position in Ares Acquisition Co. II by 7.6% during the 2nd quarter. Virtu Financial LLC now owns 118,148 shares of the company's stock worth $1,261,000 after purchasing an additional 8,324 shares during the period. 72.95% of the stock is currently owned by institutional investors and hedge funds.

Ares Acquisition Co. II Stock Performance

NYSE AACT remained flat at $10.93 during mid-day trading on Tuesday. The company had a trading volume of 15,136 shares, compared to its average volume of 258,525. Ares Acquisition Co. II has a 1 year low of $10.37 and a 1 year high of $11.00. The stock's fifty day moving average is $10.86 and its 200 day moving average is $10.77.

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.