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

Ares Acquisition Co. II (NYSE:AACT) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 28,800 shares, an increase of 14.7% from the March 15th total of 25,100 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 164,000 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Ares Acquisition Co. II

Several institutional investors and hedge funds have recently modified their holdings of the business. Firethorn Wealth Partners LLC lifted its stake in shares of Ares Acquisition Co. II by 51.5% in the 4th quarter. Firethorn Wealth Partners LLC now owns 19,728 shares of the company’s stock valued at $206,000 after purchasing an additional 6,708 shares during the last quarter. Condor Capital Management bought a new position in Ares Acquisition Co. II in the 4th quarter worth $425,000. Bulldog Investors LLP raised its holdings in Ares Acquisition Co. II by 55.6% in the 4th quarter. Bulldog Investors LLP now owns 426,605 shares of the company’s stock worth $4,454,000 after acquiring an additional 152,411 shares during the period. JPMorgan Chase & Co. bought a new position in Ares Acquisition Co. II in the 2nd quarter worth $1,645,000. Finally, Cohanzick Management LLC raised its holdings in Ares Acquisition Co. II by 133.4% in the 4th quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock worth $3,197,000 after acquiring an additional 175,000 shares during the period. Institutional investors and hedge funds own 72.95% of the company’s stock.

Ares Acquisition Co. II Stock Down 0.1 %

Shares of AACT stock traded down $0.01 on Tuesday, hitting $10.60. The company’s stock had a trading volume of 23,869 shares, compared to its average volume of 149,612. Ares Acquisition Co. II has a fifty-two week low of $10.10 and a fifty-two week high of $10.76. The firm’s fifty day moving average price is $10.55 and its 200-day moving average price is $10.44.

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.