Short Interest in Ares Acquisition Co. II (NYSE:AACT) Expands By 7.3%

Ares Acquisition Co. II (NYSE:AACT) was the target 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 183,800 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Ares Acquisition Co. II

Several institutional investors have recently bought and sold shares of AACT. Virtu Financial LLC lifted its stake in Ares Acquisition Co. II by 7.6% in 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 in the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Ares Acquisition Co. II by 150,674.7% in the second quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company’s stock worth $1,335,000 after purchasing an additional 125,060 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Ares Acquisition Co. II in the second quarter worth about $5,335,000. Finally, Berkley W R Corp boosted its stake in Ares Acquisition Co. II by 627.4% during the second 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 during the last quarter. 72.95% of the stock is owned by hedge funds and other institutional investors.

Ares Acquisition Co. II Stock Up 0.2 %

Shares of AACT opened at $10.93 on Tuesday. Ares Acquisition Co. II has a 1 year low of $10.37 and a 1 year high of $11.00. The company has a 50 day simple moving average of $10.86 and a two-hundred day simple moving average of $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.