Ares Acquisition Corporation II (NYSE:AACT) Short Interest Up 43.8% in August

Key Points

• Ares Acquisition Corporation II (NYSE:AACT) experienced a 43.8% increase in short interest in August, reaching a total of 26,600 shares sold short.
• Institutional investors have significantly increased their stakes, with Berkley W R Corp boosting its ownership by 452.8% during the second quarter.
• The company’s stock performance remained stable at $11.40 as of midday trading, with a trading volume exceeding its average daily volume.

Ares Acquisition Corporation II (NYSE:AACT - ) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 26,600 shares, an increase of 43.8% from the August 15th total of 18,500 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 315,200 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 315,200 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Nikko Asset Management Americas Inc. purchased a new stake in Ares Acquisition Corporation II in the 2nd quarter valued at $3,681,000. Rangeley Capital LLC purchased a new stake in Ares Acquisition Corporation II during the 2nd quarter worth about $135,000. Militia Capital Partners LP acquired a new stake in shares of Ares Acquisition Corporation II during the 2nd quarter worth about $466,000. Berkley W R Corp boosted its stake in shares of Ares Acquisition Corporation II by 452.8% during the 2nd quarter. Berkley W R Corp now owns 3,513,649 shares of the company's stock worth $39,810,000 after purchasing an additional 2,878,097 shares during the last quarter. Finally, Soros Fund Management LLC purchased a new position in shares of Ares Acquisition Corporation II during the 2nd quarter worth about $10,197,000. Hedge funds and other institutional investors own 72.95% of the company's stock.

Ares Acquisition Corporation II Stock Performance

Shares of NYSE:AACT remained flat at $11.40 during midday trading on Wednesday. 1,019,633 shares of the stock traded hands, compared to its average volume of 510,185. Ares Acquisition Corporation II has a 12-month low of $10.80 and a 12-month high of $11.62. The business's 50-day moving average is $11.40 and its 200 day moving average is $11.30.

Ares Acquisition Corporation 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.

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