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. IIA 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 (Get Free Report)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.Featured StoriesFive stocks we like better than Ares Acquisition Co. II3 Stocks to Consider Buying in OctoberMarkets Think Robinhood Earnings Could Send the Stock UpInvesting In Automotive StocksChurchill Downs Stock: Could Tariff Fears Dampen Derby Gains?The Most Important Warren Buffett Stock for Investors: His OwnAT&T: Subscriber Growth & Buybacks Signal Bullish TurnaroundThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ares Acquisition Co. II Right Now?Before you consider Ares Acquisition Co. II, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ares Acquisition Co. II wasn't on the list.While Ares Acquisition Co. II currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here