Ares Acquisition Corporation II (NYSE:AACT) Sees Significant Growth in Short Interest

Ares Acquisition Corporation II (NYSE:AACT) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 104,600 shares, an increase of 293.2% from the August 31st total of 26,600 shares. Based on an average daily trading volume, of 396,800 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 396,800 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Ares Acquisition Corporation II

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rangeley Capital LLC bought a new position in Ares Acquisition Corporation II in the 2nd quarter worth $135,000. Sage Advisors LLC bought a new position in shares of Ares Acquisition Corporation II in the second quarter worth about $177,000. Militia Capital Partners LP purchased a new stake in shares of Ares Acquisition Corporation II during the second quarter worth about $466,000. StoneX Group Inc. bought a new position in shares of Ares Acquisition Corporation II during the second quarter worth $566,000. Finally, Virtu Financial LLC grew its position in shares of Ares Acquisition Corporation II by 129.3% during the first quarter. Virtu Financial LLC now owns 52,078 shares of the company’s stock valued at $581,000 after purchasing an additional 29,368 shares in the last quarter. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

Ares Acquisition Corporation II Trading Up 12.8%

Shares of AACT opened at $10.02 on Friday. The business’s fifty day simple moving average is $11.12 and its two-hundred day simple moving average is $11.23. Ares Acquisition Corporation II has a 12 month low of $8.47 and a 12 month high of $11.62.

Ares Acquisition Corporation II Company Profile

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.