FTAI Aviation Ltd. (NASDAQ:FTAIM) Sees Significant Decrease in Short Interest

FTAI Aviation Ltd. (NASDAQ:FTAIM) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 3,000 shares, a decrease of 23.1% from the February 13th total of 3,900 shares. Based on an average daily volume of 9,100 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. increased its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM) by 26.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 162,650 shares of the company’s stock after acquiring an additional 34,300 shares during the quarter. FTAI Aviation comprises about 1.2% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 29th largest holding. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,359,000 at the end of the most recent quarter.

FTAI Aviation Price Performance

Shares of FTAIM traded up $0.27 during trading hours on Tuesday, hitting $26.15. The company had a trading volume of 2,374 shares, compared to its average volume of 10,225. The business has a fifty day moving average of $26.17 and a 200-day moving average of $26.51. FTAI Aviation has a 12 month low of $24.76 and a 12 month high of $28.16.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.5938 dividend. This represents a $2.38 annualized dividend and a dividend yield of 9.08%. The ex-dividend date of this dividend was Monday, March 10th.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.