Ares Acquisition Co. II (NYSE:AACT) Sees Significant Drop in Short Interest

Ares Acquisition Co. II (NYSE:AACT - Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 11,500 shares, a decline of 23.8% from the March 15th total of 15,100 shares. Based on an average trading volume of 482,300 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's stock are sold short.

Ares Acquisition Co. II Price Performance

AACT stock traded up $0.03 during mid-day trading on Thursday, hitting $11.24. 545,610 shares of the company were exchanged, compared to its average volume of 359,377. Ares Acquisition Co. II has a twelve month low of $10.58 and a twelve month high of $11.25. The firm has a fifty day simple moving average of $11.14 and a 200 day simple moving average of $11.01.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in shares of Ares Acquisition Co. II in the fourth quarter worth approximately $1,110,000. Wolverine Asset Management LLC boosted its position in shares of Ares Acquisition Co. II by 17.7% in the fourth quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company's stock valued at $8,878,000 after acquiring an additional 121,655 shares during the period. Decagon Asset Management LLP acquired a new stake in shares of Ares Acquisition Co. II in the fourth quarter worth $4,089,000. Mizuho Securities USA LLC bought a new position in Ares Acquisition Co. II during the fourth quarter valued at about $3,534,000. Finally, Virtu Financial LLC lifted its position in Ares Acquisition Co. II by 4.2% in the fourth quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock worth $249,000 after purchasing an additional 914 shares during the period. 72.95% of the stock is owned by institutional investors and hedge funds.

Ares Acquisition Co. II Company Profile

Ares Acquisition Corp. II is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on March 15, 2021 and is headquartered in New York, NY.