Ares Acquisition Co. II (NYSE:AACT) Short Interest Up 30.7% in July

Ares Acquisition Co. II (NYSE:AACT) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 37,500 shares, a growth of 30.7% from the July 15th total of 28,700 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 268,000 shares, the short-interest ratio is presently 0.1 days.

Ares Acquisition Co. II Stock Performance

NYSE AACT traded down $0.01 on Friday, reaching $10.76. The company had a trading volume of 33,306 shares, compared to its average volume of 214,901. Ares Acquisition Co. II has a fifty-two week low of $10.19 and a fifty-two week high of $10.77. The business has a 50 day moving average of $10.70 and a two-hundred day moving average of $10.62.

Institutional Trading of Ares Acquisition Co. II

Large investors have recently bought and sold shares of the business. Condor Capital Management acquired a new stake in shares of Ares Acquisition Co. II in the 4th quarter valued at about $425,000. Virtu Financial LLC acquired a new stake in shares of Ares Acquisition Co. II in the 1st quarter valued at about $1,161,000. Wolverine Asset Management LLC grew its stake in shares of Ares Acquisition Co. II by 150,674.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company’s stock valued at $1,335,000 after buying an additional 125,060 shares during the period. Berkley W R Corp grew its stake in shares of Ares Acquisition Co. II by 165.5% in the 1st quarter. Berkley W R Corp now owns 207,456 shares of the company’s stock valued at $2,193,000 after buying an additional 129,324 shares during the period. Finally, Cohanzick Management LLC grew its stake in shares of Ares Acquisition Co. II by 133.4% in the 4th quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock valued at $3,197,000 after buying an additional 175,000 shares during the period. 72.95% of the stock is currently owned by institutional investors and hedge funds.

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.