Ares Acquisition Co. II (NYSE:AACT – Get Free Report) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 1,400 shares, a decline of 57.6% from the May 15th total of 3,300 shares. Based on an average daily volume of 232,000 shares, the days-to-cover ratio is presently 0.0 days.
Ares Acquisition Co. II Price Performance
AACT stock remained flat at $10.66 during midday trading on Friday. The company had a trading volume of 143,495 shares, compared to its average volume of 374,533. The company’s fifty day simple moving average is $10.63 and its 200 day simple moving average is $10.54. Ares Acquisition Co. II has a fifty-two week low of $10.10 and a fifty-two week high of $10.76.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of AACT. Firethorn Wealth Partners LLC raised its stake in Ares Acquisition Co. II by 51.5% during 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 position in Ares Acquisition Co. II during the fourth quarter worth about $425,000. Virtu Financial LLC acquired a new position in Ares Acquisition Co. II during the first quarter worth about $1,161,000. Berkley W R Corp raised its stake in Ares Acquisition Co. II by 165.5% during the first quarter. Berkley W R Corp now owns 207,456 shares of the company’s stock worth $2,193,000 after acquiring an additional 129,324 shares in the last quarter. Finally, Cohanzick Management LLC raised its stake in Ares Acquisition Co. II by 133.4% during 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 Company Profile
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.
Further Reading
- Five stocks we like better than Ares Acquisition Co. II
- What is MarketRank™? How to Use it
- MarketBeat Week in Review – 6/10 – 6/14
- What Are the U.K. Market Holidays? How to Invest and Trade
- Top 5 High-Performance Cryptocurrency ETFs to Watch
- What is a Bond Market Holiday? How to Invest and Trade
- 3 Stocks That Plummeted After the Post-Fed Speech Crash
Receive News & Ratings for Ares Acquisition Co. II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Acquisition Co. II and related companies with MarketBeat.com's FREE daily email newsletter.