Ares Acquisition Co. II (NYSE:AACT) Sees Large Drop in Short Interest

Ares Acquisition Co. II (NYSE:AACT - Get Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 11,500 shares, a drop of 23.8% from the March 15th total of 15,100 shares. Based on an average daily volume of 482,300 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC grew its stake in Ares Acquisition Co. II by 10.4% in the 1st quarter. FNY Investment Advisers LLC now owns 111,638 shares of the company's stock worth $1,244,000 after acquiring an additional 10,538 shares during the period. Toronto Dominion Bank purchased a new stake in Ares Acquisition Co. II in the 4th quarter worth approximately $21,519,000. D. E. Shaw & Co. Inc. grew its stake in Ares Acquisition Co. II by 2.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company's stock worth $27,176,000 after acquiring an additional 61,500 shares during the period. Bulldog Investors LLP grew its stake in Ares Acquisition Co. II by 54.9% in the 4th quarter. Bulldog Investors LLP now owns 523,243 shares of the company's stock worth $5,745,000 after acquiring an additional 185,556 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Ares Acquisition Co. II in the 4th quarter worth approximately $883,000. 72.95% of the stock is owned by hedge funds and other institutional investors.

Ares Acquisition Co. II Trading Down 0.0 %

Shares of AACT traded down $0.01 during mid-day trading on Wednesday, reaching $11.23. 5,118 shares of the company's stock were exchanged, compared to its average volume of 355,501. The company has a 50-day simple moving average of $11.14 and a two-hundred day simple moving average of $11.00. Ares Acquisition Co. II has a 52-week low of $10.58 and a 52-week high of $11.23.

Ares Acquisition Co. 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.