Short Interest in Ares Acquisition Co. II (NYSE:AACT) Drops By 32.5%

Ares Acquisition Co. II (NYSE:AACT - Get Free Report) experienced a significant decline in short interest throughout January. According to data from January 31st, the company's short interest stood at 10,400 shares, which is a decrease of 32.5% from the 15,400 shares reported on January 15th. Currently, there are no shares of the company that are short sold, indicating that 0.0% of its shares are involved in short selling. Given an average daily trading volume of 134,800 shares, the short-interest ratio is now at a low 0.1 days.

Market Performance Overview

On Friday, shares of Ares Acquisition Co. II were trading down by $0.01, bringing the price to $11.05. The trading volume for the day was at 10,273 shares, compared to its average volume of 118,239 shares. Over the past year, the stock has seen a low of $10.48 and a high of $11.07. The company's 50-day moving average price is $10.99, while the 200-day moving average stands at $10.88.

Institutional Investment Activity

Recent activities among institutional investors have been noteworthy. Wolverine Asset Management LLC notably increased its stake in Ares Acquisition Co. II by 448.9% in the third quarter, resulting in ownership of 686,939 shares valued at $7,440,000 after acquiring an additional 561,796 shares. Additionally, FNY Investment Advisers LLC made a new investment in Ares Acquisition Co. II in the fourth quarter, valued at $1,110,000. Decagon Asset Management LLP also bought a new stake in the same quarter, estimated to be around $4,089,000. Virtu Financial LLC increased its position by 4.2%, holding 22,710 shares now valued at $249,000 following an additional purchase of 914 shares. Lastly, Mizuho Securities USA LLC also acquired a new position estimated at about $3,534,000. Overall, institutional and hedge fund investors own about 72.95% of the stock.

Company Background

Ares Acquisition Corp. II is primarily a blank check company engaged in facilitating mergers, share exchanges, asset acquisitions, share purchases, and various forms of business combination. Established on March 15, 2021, the company is currently headquartered in New York, NY.

Conclusion and Outlook

The notable decrease in short interest over the month reflects a shift in market sentiment regarding Ares Acquisition Co. II. Operations and institutional investment interest may suggest a strategic outlook, as various shareholders reposition themselves in tandem with market developments. Observing this dynamic can provide insights into future performance and potential investment opportunities.

Ares, Shares, Investment