Ares Acquisition Co. II (NYSE:AACT) Short Interest Up 56.8% in February

Ares Acquisition Co. II (NYSE:AACT) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 6,900 shares, a growth of 56.8% from the February 13th total of 4,400 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 172,400 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Ares Acquisition Co. II

Several large investors have recently added to or reduced their stakes in AACT. Toronto Dominion Bank purchased a new position in Ares Acquisition Co. II during the fourth quarter worth about $21,519,000. Decagon Asset Management LLP acquired a new stake in Ares Acquisition Co. II during the fourth quarter worth about $4,089,000. Mizuho Securities USA LLC acquired a new stake in Ares Acquisition Co. II during the fourth quarter worth about $3,534,000. Bulldog Investors LLP increased its stake in Ares Acquisition Co. II by 54.9% during the fourth quarter. Bulldog Investors LLP now owns 523,243 shares of the company’s stock worth $5,745,000 after acquiring an additional 185,556 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its stake in Ares Acquisition Co. II by 17.7% during the fourth quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company’s stock worth $8,878,000 after acquiring an additional 121,655 shares during the last quarter. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

Ares Acquisition Co. II Stock Performance

NYSE AACT traded up $0.01 during trading hours on Friday, hitting $11.17. 135,761 shares of the company’s stock were exchanged, compared to its average volume of 421,465. The business’s 50 day moving average is $11.04 and its 200-day moving average is $10.93. Ares Acquisition Co. II has a 12-month low of $10.55 and a 12-month high of $11.20.

Ares Acquisition Co. II Company Profile

Ares Acquisition Corp. II is a blank check company which engages in effecting a merger, share exchange, asset acquisition, share purchase, and reorganization or similar business combination. The company was founded on March 15, 2021 and is headquartered in New York, NY.