Short Interest in Ares Acquisition Co. II (NYSE:AACT) Grows By 7.3%

Ares Acquisition Co. II (NYSE:AACT) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 14,700 shares, an increase of 7.3% from the October 31st total of 13,700 shares. Based on an average daily volume of 183,800 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Ares Acquisition Co. II Stock Up 0.2 %

NYSE:AACT opened at $10.93 on Tuesday. The business has a 50 day simple moving average of $10.86 and a 200-day simple moving average of $10.77. Ares Acquisition Co. II has a 1 year low of $10.37 and a 1 year high of $11.00.

Institutional Trading of Ares Acquisition Co. II

Institutional investors have recently bought and sold shares of the stock. Berkley W R Corp increased its position in Ares Acquisition Co. II by 627.4% during the second quarter. Berkley W R Corp now owns 1,509,023 shares of the company’s stock valued at $16,101,000 after acquiring an additional 1,301,567 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in shares of Ares Acquisition Co. II by 448.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 686,939 shares of the company’s stock worth $7,440,000 after purchasing an additional 561,796 shares during the period. Driehaus Capital Management LLC bought a new position in Ares Acquisition Co. II during the 2nd quarter valued at about $5,335,000. Finally, Virtu Financial LLC raised its position in Ares Acquisition Co. II by 7.6% in the 2nd quarter. Virtu Financial LLC now owns 118,148 shares of the company’s stock worth $1,261,000 after purchasing an additional 8,324 shares during the period. 72.95% of the stock is currently owned by institutional investors.

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.