Ares Acquisition Co. II (NYSE:AACT) Short Interest Up 14.7% in March

Ares Acquisition Co. II (NYSE:AACT) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 28,800 shares, an increase of 14.7% from the March 15th total of 25,100 shares. Based on an average trading volume of 164,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of Ares Acquisition Co. II

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Firethorn Wealth Partners LLC grew its holdings in Ares Acquisition Co. II by 51.5% in the 4th quarter. Firethorn Wealth Partners LLC now owns 19,728 shares of the company’s stock valued at $206,000 after buying an additional 6,708 shares during the last quarter. Condor Capital Management acquired a new stake in Ares Acquisition Co. II in the 4th quarter valued at approximately $425,000. JPMorgan Chase & Co. acquired a new stake in Ares Acquisition Co. II in the 2nd quarter valued at approximately $1,645,000. Cohanzick Management LLC grew its holdings in shares of Ares Acquisition Co. II by 133.4% during the 4th quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock worth $3,197,000 after purchasing an additional 175,000 shares in the last quarter. Finally, Bulldog Investors LLP grew its holdings in shares of Ares Acquisition Co. II by 55.6% during the 4th quarter. Bulldog Investors LLP now owns 426,605 shares of the company’s stock worth $4,454,000 after purchasing an additional 152,411 shares in the last quarter. Institutional investors and hedge funds own 72.95% of the company’s stock.

Ares Acquisition Co. II Stock Performance

AACT traded down $0.01 during midday trading on Tuesday, reaching $10.60. The company’s stock had a trading volume of 23,869 shares, compared to its average volume of 149,612. The company has a fifty day simple moving average of $10.55 and a 200 day simple moving average of $10.44. Ares Acquisition Co. II has a twelve month low of $10.10 and a twelve month high of $10.76.

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.