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

FTAI Aviation Ltd. (NASDAQ:FTAIM) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 5,400 shares, a growth of 157.1% from the September 15th total of 2,100 shares. Based on an average trading volume of 6,700 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. lifted its holdings in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,350 shares of the company’s stock after purchasing an additional 5,550 shares during the quarter. FTAI Aviation accounts for about 0.9% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 29th biggest holding. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $3,355,000 as of its most recent SEC filing.

FTAI Aviation Price Performance

Shares of FTAIM stock traded up $0.07 during trading hours on Friday, reaching $26.28. The company’s stock had a trading volume of 2,568 shares, compared to its average volume of 10,573. FTAI Aviation has a one year low of $23.58 and a one year high of $27.47. The firm’s fifty day simple moving average is $26.22 and its 200 day simple moving average is $25.84.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were given a dividend of $0.5938 per share. This represents a $2.38 dividend on an annualized basis and a yield of 9.04%. The ex-dividend date of this dividend was Friday, September 6th.

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.