Ares Acquisition Corporation II (NYSE:AACT) Short Interest Update

Key Points

• Ares Acquisition Corporation II (NYSE: AACT) experienced a dramatic 76.3% drop in short interest in August, falling from 78,000 shares to 18,500 shares.
• Hedge funds and institutional investors now own 72.95% of Ares Acquisition Corporation II's stock, with notable purchases including Nikko Asset Management and Soros Fund Management.
• The company's stock is currently trading at $11.42, with a 12-month range between $10.76 and $11.62.

Ares Acquisition Corporation II (NYSE:AACT - ) was the recipient of a significant drop in short interest in August. As of August 15th, there was short interest totaling 18,500 shares, adropof76.3% from the July 31st total of 78,000 shares. Approximately0.0% of the shares of the company are short sold. Based on an average daily volume of 376,400 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 376,400 shares, the short-interest ratio is currently 0.0 days. Approximately0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Ares Acquisition Corporation II

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nikko Asset Management Americas Inc. bought a new stake in shares of Ares Acquisition Corporation II in the 2nd quarter worth approximately $3,681,000. Rangeley Capital LLC purchased a new position in Ares Acquisition Corporation II during the 2nd quarter valued at $135,000. Militia Capital Partners LP purchased a new position in Ares Acquisition Corporation II during the 2nd quarter valued at $466,000. Berkley W R Corp increased its position in 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 valued at $39,810,000 after purchasing an additional 2,878,097 shares during the period. Finally, Soros Fund Management LLC purchased a new stake in shares of Ares Acquisition Corporation II in 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 Price Performance

NYSE:AACT traded up $0.01 during mid-day trading on Wednesday, hitting $11.42. 109,403 shares of the stock traded hands, compared to its average volume of 551,774. The business's 50-day moving average price is $11.38 and its 200 day moving average price is $11.28. Ares Acquisition Corporation II has a 12-month low of $10.76 and a 12-month high of $11.62.

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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