Ares Acquisition Co. II (NYSE:AACT) Short Interest Update

Ares Acquisition Co. II (NYSE:AACT) was the recipient of a large increase in short interest in 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 daily 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.

Ares Acquisition Co. II Stock Down 0.1 %

Ares Acquisition Co. II stock traded down $0.01 during trading on Tuesday, reaching $10.60. 23,869 shares of the company’s stock were exchanged, compared to its average volume of 149,612. The company’s 50-day moving average is $10.55 and its two-hundred day moving average is $10.44. Ares Acquisition Co. II has a 52-week low of $10.10 and a 52-week high of $10.76.

Hedge Funds Weigh In On Ares Acquisition Co. II

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bulldog Investors LLP boosted its position in Ares Acquisition Co. II by 55.6% in the 4th quarter. Bulldog Investors LLP now owns 426,605 shares of the company’s stock valued at $4,454,000 after buying an additional 152,411 shares during the last quarter. Karpus Management Inc. boosted its position in Ares Acquisition Co. II by 58.5% in the 4th quarter. Karpus Management Inc. now owns 2,712,010 shares of the company’s stock valued at $28,313,000 after buying an additional 1,001,110 shares during the last quarter. Cohanzick Management LLC boosted its position in Ares Acquisition Co. II by 133.4% in the 4th quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock valued at $3,197,000 after buying an additional 175,000 shares during the last quarter. Condor Capital Management purchased a new position in Ares Acquisition Co. II in the 4th quarter valued at about $425,000. Finally, Firethorn Wealth Partners LLC boosted its position 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. 72.95% of the stock is owned by hedge funds and other institutional investors.

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.