Ares Acquisition Co. II (NYSE:AACT - Get Free Report) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 6,900 shares, a growth of 56.8% from the February 13th total of 4,400 shares. Based on an average trading volume of 172,400 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's stock are sold short.
Hedge Funds Weigh In On Ares Acquisition Co. II
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AACT. FNY Investment Advisers LLC acquired a new stake in shares of Ares Acquisition Co. II in the 4th quarter valued at about $1,110,000. Wolverine Asset Management LLC raised its stake 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 worth $8,878,000 after acquiring an additional 121,655 shares during the period. Decagon Asset Management LLP acquired a new stake in Ares Acquisition Co. II during the fourth quarter worth about $4,089,000. Toronto Dominion Bank acquired a new stake in Ares Acquisition Co. II during the fourth quarter worth about $21,519,000. Finally, Jane Street Group LLC acquired a new stake in Ares Acquisition Co. II during the fourth quarter worth about $883,000. 72.95% of the stock is owned by hedge funds and other institutional investors.
Ares Acquisition Co. II Stock Performance
Ares Acquisition Co. II stock traded up $0.01 during midday trading on Wednesday, hitting $11.18. 34,226 shares of the stock were exchanged, compared to its average volume of 411,683. The company has a 50 day moving average price of $11.05 and a two-hundred day moving average price of $10.94. Ares Acquisition Co. II has a 1 year low of $10.55 and a 1 year high of $11.20.
About Ares Acquisition Co. II
(
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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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