Ares Acquisition Co. II (NYSE:AACT) Sees Large Decrease in Short Interest

Ares Acquisition Co. II (NYSE:AACT) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 11,500 shares, a drop of 23.8% from the March 15th total of 15,100 shares. Based on an average daily volume of 482,300 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Ares Acquisition Co. II Stock Performance

Shares of NYSE AACT traded down $0.01 during trading hours on Monday, reaching $11.21. The stock had a trading volume of 25,661 shares, compared to its average volume of 353,211. Ares Acquisition Co. II has a twelve month low of $10.58 and a twelve month high of $11.22. The business’s fifty day moving average is $11.13 and its two-hundred day moving average is $11.00.

Hedge Funds Weigh In On Ares Acquisition Co. II

Hedge funds and other institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank bought a new position in Ares Acquisition Co. II during the fourth quarter worth about $21,519,000. Decagon Asset Management LLP bought a new position in shares of Ares Acquisition Co. II during the 4th quarter worth approximately $4,089,000. Mizuho Securities USA LLC acquired a new stake in Ares Acquisition Co. II in the 4th quarter valued at $3,534,000. Bulldog Investors LLP raised 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 in the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in shares of 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 valued at $8,878,000 after acquiring an additional 121,655 shares during the period. 72.95% of the stock is owned by institutional investors.

About Ares Acquisition Co. II

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.