Ares Acquisition Co. II (NYSE:AACT) Sees Significant Increase in Short Interest

Ares Acquisition Co. II (NYSE:AACT - Get Free Report) was the recipient of 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. Based on an average trading volume of 799,900 shares, the short-interest ratio is presently 0.6 days. Approximately 1.3% of the company's shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC acquired a new stake in shares of Ares Acquisition Co. II in the fourth quarter worth $1,110,000. Wolverine Asset Management LLC lifted its holdings in shares of Ares Acquisition Co. II by 17.7% during the 4th quarter. Wolverine Asset Management LLC now owns 808,594 shares of the company's stock valued at $8,878,000 after acquiring an additional 121,655 shares in the last quarter. Decagon Asset Management LLP purchased a new stake in Ares Acquisition Co. II during the 4th quarter worth $4,089,000. Virtu Financial LLC increased its holdings in Ares Acquisition Co. II by 4.2% in the 4th quarter. Virtu Financial LLC now owns 22,710 shares of the company's stock valued at $249,000 after purchasing an additional 914 shares in the last quarter. Finally, Mizuho Securities USA LLC purchased a new position in Ares Acquisition Co. II in the fourth quarter valued at about $3,534,000. Hedge funds and other institutional investors own 72.95% of the company's stock.

Ares Acquisition Co. II Price Performance

Shares of Ares Acquisition Co. II stock remained flat at $11.26 during trading hours on Wednesday. The stock had a trading volume of 468,566 shares, compared to its average volume of 371,945. Ares Acquisition Co. II has a 52 week low of $10.58 and a 52 week high of $11.31. The business's 50-day simple moving average is $11.16 and its 200 day simple moving average is $11.02.

About Ares Acquisition Co. II

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.