Short Interest in Ares Acquisition Co. II (NYSE:AACT) Increases By 14.7%

Ares Acquisition Co. II (NYSE:AACT) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 28,800 shares, a growth of 14.7% from the March 15th total of 25,100 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 164,000 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Ares Acquisition Co. II

Institutional investors have recently added to or reduced their stakes in the company. Firethorn Wealth Partners LLC lifted its holdings in Ares Acquisition Co. II by 51.5% during the 4th quarter. Firethorn Wealth Partners LLC now owns 19,728 shares of the company’s stock valued at $206,000 after purchasing an additional 6,708 shares during the last quarter. Condor Capital Management bought a new position in shares of Ares Acquisition Co. II in the fourth quarter worth about $425,000. JPMorgan Chase & Co. bought a new position in shares of Ares Acquisition Co. II in the second quarter worth about $1,645,000. Cohanzick Management LLC raised its stake in shares of Ares Acquisition Co. II by 133.4% in the fourth quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock worth $3,197,000 after acquiring an additional 175,000 shares during the last quarter. Finally, Bulldog Investors LLP raised its stake in shares of Ares Acquisition Co. II by 55.6% in the fourth quarter. Bulldog Investors LLP now owns 426,605 shares of the company’s stock worth $4,454,000 after acquiring an additional 152,411 shares during the last quarter. 72.95% of the stock is owned by institutional investors.

Ares Acquisition Co. II Trading Down 0.1 %

AACT stock traded down $0.01 during trading on Tuesday, hitting $10.60. 23,869 shares of the stock traded hands, compared to its average volume of 149,612. Ares Acquisition Co. II has a one year low of $10.10 and a one year high of $10.76. The company has a 50 day simple moving average of $10.55 and a 200 day simple moving average of $10.44.

About Ares Acquisition Co. II

Ares Acquisition Corporation II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Ares Acquisition Corporation II was incorporated in 2021 and is based in New York, New York.