FTAI Aviation Ltd. (NASDAQ:FTAIN) Short Interest Update

FTAI Aviation Ltd. (NASDAQ:FTAIN) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 2,176 shares, a growth of 78.1% from the December 15th total of 1,222 shares. Based on an average daily trading volume, of 3,577 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 3,577 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. lifted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIN) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,700 shares of the company’s stock after buying an additional 1,250 shares during the quarter. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission.

FTAI Aviation Stock Performance

Shares of FTAIN traded down $0.06 during mid-day trading on Thursday, reaching $25.45. 1,734 shares of the company’s stock were exchanged, compared to its average volume of 5,342. The business’s fifty day simple moving average is $25.47 and its 200-day simple moving average is $25.49. FTAI Aviation has a 52-week low of $24.32 and a 52-week high of $25.95.

FTAI Aviation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 8.2%. The ex-dividend date was Monday, December 1st. This is a positive change from FTAI Aviation’s previous quarterly dividend of $0.52.

FTAI Aviation Company Profile

FTAI Aviation Ltd. is a publicly traded aircraft leasing company that acquires, leases and sells commercial jet aircraft to airlines worldwide. The company’s fleet consists of narrow-body and wide-body jets, primarily from the Airbus A320 family and Boeing 737 series, which it places under operating leases with carriers across Europe, Asia, the Middle East, Africa and Latin America. FTAI Aviation focuses on modern, mid-life aircraft to balance acquisition cost with residual value stability.

In addition to lease financing, FTAI Aviation provides comprehensive asset management and remarketing services.