Ares Acquisition Co. II (NYSE:AACT) Short Interest Update

Ares Acquisition Co. II (NYSE:AACT - Get Free Report) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 20,300 shares, an increase of 38.1% from the November 15th total of 14,700 shares. Based on an average trading volume of 142,500 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company's shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AACT. Wolverine Asset Management LLC increased its stake in Ares Acquisition Co. II by 150,674.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company's stock valued at $1,335,000 after buying an additional 125,060 shares during the period. Virtu Financial LLC increased its stake in shares of Ares Acquisition Co. II by 7.6% in the second quarter. Virtu Financial LLC now owns 118,148 shares of the company's stock worth $1,261,000 after acquiring an additional 8,324 shares during the last quarter. Berkley W R Corp increased its stake in shares of Ares Acquisition Co. II by 627.4% in the second quarter. Berkley W R Corp now owns 1,509,023 shares of the company's stock worth $16,101,000 after acquiring an additional 1,301,567 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Ares Acquisition Co. II during the second quarter worth $5,335,000. 72.95% of the stock is owned by institutional investors and hedge funds.

Ares Acquisition Co. II Price Performance

NYSE:AACT traded down $0.01 during trading hours on Friday, hitting $10.94. 36,634 shares of the stock traded hands, compared to its average volume of 204,011. The firm has a 50 day moving average price of $10.88 and a 200 day moving average price of $10.78. Ares Acquisition Co. II has a fifty-two week low of $10.40 and a fifty-two week high of $11.00.

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.