Ares Acquisition Co. II (NYSE:AACT) Sees Significant Decline in Short Interest

Ares Acquisition Co. II (NYSE:AACT) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 4,400 shares, a drop of 57.7% from the January 31st total of 10,400 shares. Based on an average daily trading volume, of 98,200 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of Ares Acquisition Co. II

A number of hedge funds have recently added to or reduced their stakes in AACT. Virtu Financial LLC boosted its position in Ares Acquisition Co. II by 4.2% in the fourth quarter. Virtu Financial LLC now owns 22,710 shares of the company’s stock valued at $249,000 after buying an additional 914 shares in the last quarter. Jane Street Group LLC acquired a new stake in Ares Acquisition Co. II in the fourth quarter valued at approximately $883,000. FNY Investment Advisers LLC acquired a new stake in Ares Acquisition Co. II in the fourth quarter valued at approximately $1,110,000. Mizuho Securities USA LLC acquired a new stake in Ares Acquisition Co. II in the fourth quarter valued at approximately $3,534,000. Finally, Decagon Asset Management LLP acquired a new stake in Ares Acquisition Co. II in the fourth quarter valued at approximately $4,089,000. Institutional investors and hedge funds own 72.95% of the company’s stock.

Ares Acquisition Co. II Stock Performance

Shares of Ares Acquisition Co. II stock opened at $11.07 on Friday. Ares Acquisition Co. II has a fifty-two week low of $10.48 and a fifty-two week high of $11.09. The company’s 50 day moving average price is $11.01 and its two-hundred day moving average price is $10.90.

About Ares Acquisition Co. II

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.