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 - Get Free Report) was the target of a significant drop in short interest during the month of 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 stock are sold short. Based on an average trading volume of 376,400 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 376,400 shares, the days-to-cover ratio is presently 0.0 days. Approximately0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AACT. Jane Street Group LLC bought a new position in Ares Acquisition Corporation II in the fourth quarter valued at approximately $883,000. D. E. Shaw & Co. Inc. grew its stake in shares of Ares Acquisition Corporation II by 2.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company's stock worth $27,176,000 after buying an additional 61,500 shares during the last quarter. Toronto Dominion Bank bought a new stake in shares of Ares Acquisition Corporation II during the fourth quarter worth $21,519,000. FNY Investment Advisers LLC grew its stake in shares of Ares Acquisition Corporation II by 10.4% during the first quarter. FNY Investment Advisers LLC now owns 111,638 shares of the company's stock worth $1,244,000 after buying an additional 10,538 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its stake in shares of Ares Acquisition Corporation II by 867.2% during the first quarter. Mizuho Securities USA LLC now owns 3,133,249 shares of the company's stock worth $34,842,000 after buying an additional 2,809,299 shares during the last quarter. 72.95% of the stock is owned by institutional investors.

Ares Acquisition Corporation II Stock Performance

NYSE:AACT traded up $0.01 during mid-day trading on Monday, reaching $11.43. The stock had a trading volume of 299,121 shares, compared to its average volume of 552,767. The stock has a 50-day simple moving average of $11.39 and a two-hundred day simple moving average of $11.29. Ares Acquisition Corporation II has a 12 month low of $10.77 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.