Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAIM) Expands By 12.5%

FTAI Aviation Ltd. (NASDAQ:FTAIM) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,800 shares, a growth of 12.5% from the October 15th total of 1,600 shares. Based on an average trading volume of 6,500 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. increased its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,350 shares of the company’s stock after buying an additional 5,550 shares during the quarter. FTAI Aviation comprises approximately 0.9% of Shikiar Asset Management Inc.’s holdings, making the stock its 29th largest position. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $3,355,000 at the end of the most recent reporting period.

FTAI Aviation Price Performance

Shares of NASDAQ FTAIM traded up $0.13 during trading on Monday, reaching $27.38. The stock had a trading volume of 1,254 shares, compared to its average volume of 9,921. FTAI Aviation has a one year low of $24.35 and a one year high of $27.47. The firm’s 50 day moving average price is $26.53 and its two-hundred day moving average price is $26.10.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.5938 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.38 dividend on an annualized basis and a yield of 8.67%.

About FTAI Aviation

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.