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

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

FTAI Aviation Price Performance

Shares of FTAIM traded up $0.22 during mid-day trading on Wednesday, hitting $26.10. The company had a trading volume of 2,374 shares, compared to its average volume of 10,184. The business’s 50-day simple moving average is $26.17 and its 200-day simple moving average is $26.51. FTAI Aviation has a 1-year low of $24.76 and a 1-year high of $28.16.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.5938 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 9.10%.

Institutional Trading of FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. raised its position in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 26.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,650 shares of the company’s stock after acquiring an additional 34,300 shares during the quarter. FTAI Aviation accounts for 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 reporting period.

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.