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

Ares Acquisition Co. II (NYSE:AACT - Get Free Report) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 476,600 shares, an increase of 4,044.3% from the March 31st total of 11,500 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 799,900 shares, the short-interest ratio is presently 0.6 days.

Ares Acquisition Co. II Trading Up 0.3 %

AACT stock traded up $0.04 on Friday, hitting $11.26. The company had a trading volume of 1,573,972 shares, compared to its average volume of 365,045. The stock's 50-day simple moving average is $11.15 and its 200 day simple moving average is $11.01. Ares Acquisition Co. II has a 12-month low of $10.58 and a 12-month high of $11.26.

Institutional Trading of Ares Acquisition Co. II

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

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.

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