Ares Acquisition Co. II (NYSE:AACT - Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 84,500 shares, an increase of 17.2% from the April 30th total of 72,100 shares. Approximately 0.2% of the company's shares are sold short. Based on an average daily volume of 947,200 shares, the short-interest ratio is presently 0.1 days.
Institutional Trading of Ares Acquisition Co. II
A number of hedge funds have recently bought and sold shares of the company. Wolverine Asset Management LLC raised its holdings in shares of 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 valued at $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 4th quarter valued at $4,089,000. Virtu Financial LLC raised its stake in Ares Acquisition Co. II by 4.2% during the 4th quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock valued at $249,000 after purchasing an additional 914 shares during the period. Mizuho Securities USA LLC purchased a new stake in shares of Ares Acquisition Co. II in the fourth quarter valued at $3,534,000. Finally, Berkley W R Corp boosted its position in shares of Ares Acquisition Co. II by 6.6% in the fourth quarter. Berkley W R Corp now owns 1,608,763 shares of the company's stock worth $17,664,000 after buying an additional 99,740 shares during the period. 72.95% of the stock is owned by hedge funds and other institutional investors.
Ares Acquisition Co. II Trading Up 0.0%
Shares of NYSE:AACT traded up $0.01 during midday trading on Friday, reaching $11.43. The company had a trading volume of 336,849 shares, compared to its average volume of 413,137. The company has a fifty day simple moving average of $11.26 and a two-hundred day simple moving average of $11.10. Ares Acquisition Co. II has a 1-year low of $10.65 and a 1-year high of $11.62.
About Ares Acquisition Co. II
(
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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.
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