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

Ares Acquisition Co. II (NYSE:AACT - Get Free Report) was the target of a significant increase in short interest during 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 company's shares are short sold. Based on an average trading volume of 799,900 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Ares Acquisition Co. II

Several institutional investors have recently added to or reduced their stakes in AACT. Virtu Financial LLC boosted its position in shares of Ares Acquisition Co. II by 4.2% during the fourth quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock worth $249,000 after buying an additional 914 shares during the period. Jane Street Group LLC acquired a new position in Ares Acquisition Co. II during the 4th quarter worth about $883,000. FNY Investment Advisers LLC purchased a new position in Ares Acquisition Co. II during the 4th quarter valued at about $1,110,000. Mizuho Securities USA LLC acquired a new position in Ares Acquisition Co. II in the 4th quarter valued at about $3,534,000. Finally, Decagon Asset Management LLP purchased a new stake in Ares Acquisition Co. II during the fourth quarter worth about $4,089,000. Institutional investors and hedge funds own 72.95% of the company's stock.

Ares Acquisition Co. II Price Performance

Shares of Ares Acquisition Co. II stock traded up $0.03 on Thursday, reaching $11.28. The company had a trading volume of 977,620 shares, compared to its average volume of 374,368. The firm's 50 day moving average price is $11.16 and its two-hundred day moving average price is $11.02. Ares Acquisition Co. II has a 52-week low of $10.58 and a 52-week high of $11.30.

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.