Ares Acquisition Co. II (NYSE:AACT) Short Interest Up 4,044.3% in April

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

Hedge Funds Weigh In On Ares Acquisition Co. II

Several institutional investors and hedge funds have recently made changes to their positions in AACT. FNY Investment Advisers LLC lifted its holdings in 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 worth $1,244,000 after purchasing an additional 10,538 shares during the last quarter. Toronto Dominion Bank bought a new position in Ares Acquisition Co. II during the 4th quarter worth $21,519,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of 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 worth $27,176,000 after buying an additional 61,500 shares in the last quarter. Bulldog Investors LLP boosted its position in shares of Ares Acquisition Co. II by 54.9% in the fourth quarter. Bulldog Investors LLP now owns 523,243 shares of the company’s stock valued at $5,745,000 after acquiring an additional 185,556 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Ares Acquisition Co. II in the fourth quarter valued at about $883,000. Institutional investors and hedge funds own 72.95% of the company’s stock.

Ares Acquisition Co. II Trading Up 0.3 %

Shares of AACT opened at $11.26 on Friday. Ares Acquisition Co. II has a 52 week low of $10.58 and a 52 week high of $11.26. The firm’s 50-day simple moving average is $11.15 and its 200 day simple moving average is $11.01.

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.