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

Ares Acquisition Co. II (NYSE:AACT - Get Free Report) saw a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 45,200 shares, a decrease of 46.5% from the May 15th total of 84,500 shares. Based on an average trading volume of 1,010,000 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company's stock are sold short.

Ares Acquisition Co. II Trading Down 0.0%

Ares Acquisition Co. II stock traded down $0.01 during trading on Monday, hitting $11.30. 27,887 shares of the company were exchanged, compared to its average volume of 412,833. Ares Acquisition Co. II has a 52 week low of $10.65 and a 52 week high of $11.62. The business's 50 day moving average is $11.28 and its 200 day moving average is $11.12.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AACT. Wolverine Asset Management LLC grew its stake in Ares Acquisition Co. II by 17.7% in the 4th quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company's stock valued at $8,878,000 after buying an additional 121,655 shares in the last quarter. Decagon Asset Management LLP bought a new stake in shares of Ares Acquisition Co. II during the 4th quarter valued at about $4,089,000. Virtu Financial LLC grew its holdings in shares of Ares Acquisition Co. II by 4.2% during 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 in the last quarter. Mizuho Securities USA LLC bought a new position in shares of Ares Acquisition Co. II in the 4th quarter worth $3,534,000. Finally, Berkley W R Corp raised its position in shares of Ares Acquisition Co. II by 6.6% during the 4th quarter. Berkley W R Corp now owns 1,608,763 shares of the company's stock valued at $17,664,000 after buying an additional 99,740 shares in the last quarter. Institutional investors own 72.95% of the company's stock.

About Ares Acquisition Co. II

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.