Short Interest in Ares Acquisition Co. II (NYSE:AACT) Increases By 14.7%

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

Hedge Funds Weigh In On Ares Acquisition Co. II

Several institutional investors and hedge funds have recently bought and sold shares of AACT. JPMorgan Chase & Co. acquired a new position in Ares Acquisition Co. II during the second quarter worth approximately $1,645,000. Karpus Management Inc. increased its position in Ares Acquisition Co. II by 111.0% during the third quarter. Karpus Management Inc. now owns 1,710,900 shares of the company’s stock worth $17,571,000 after purchasing an additional 900,175 shares during the last quarter. Firethorn Wealth Partners LLC increased its position in shares of Ares Acquisition Co. II by 51.5% in the fourth quarter. Firethorn Wealth Partners LLC now owns 19,728 shares of the company’s stock worth $206,000 after acquiring an additional 6,708 shares in the last quarter. Condor Capital Management acquired a new stake in shares of Ares Acquisition Co. II in the fourth quarter worth $425,000. Finally, Cohanzick Management LLC increased its position in shares of Ares Acquisition Co. II by 133.4% in the fourth quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock worth $3,197,000 after acquiring an additional 175,000 shares in the last quarter. Institutional investors and hedge funds own 72.95% of the company’s stock.

Ares Acquisition Co. II Stock Performance

Shares of AACT traded down $0.01 on Tuesday, hitting $10.60. 23,869 shares of the stock traded hands, compared to its average volume of 149,612. The stock’s 50 day moving average is $10.55 and its two-hundred day moving average is $10.44. Ares Acquisition Co. II has a 1 year low of $10.10 and a 1 year 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.