Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAIM) Increases By 323.3%

FTAI Aviation Ltd. (NASDAQ:FTAIM) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,782 shares, a growth of 323.3% from the January 29th total of 421 shares. Based on an average daily volume of 2,159 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 2,159 shares, the days-to-cover ratio is currently 0.8 days.

FTAI Aviation Price Performance

NASDAQ:FTAIM opened at $27.36 on Thursday. The stock has a 50 day simple moving average of $27.09 and a 200 day simple moving average of $26.85. FTAI Aviation has a 1-year low of $24.60 and a 1-year high of $27.49.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend is Monday, March 9th.

Hedge Funds Weigh In On FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. boosted its holdings in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 158,630 shares of the company’s stock after purchasing an additional 6,430 shares during the quarter. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,248,000 at the end of the most recent reporting period.

FTAI Aviation Company Profile

FTAI Aviation Ltd., trading on the NASDAQ under the symbol FTAIM, is a publicly listed holding company that offers investors exposure to the commercial aviation sector through its wholly owned operating subsidiary, Azorra Aviation. The company’s core business is centered on acquiring, leasing and trading narrowbody aircraft, with a fleet predominantly comprised of Airbus A320- and Boeing 737-family jets. Through long-term lease agreements, sale-and-leaseback transactions and selective asset disposals, FTAI Aviation seeks to generate predictable rental streams and capture residual value appreciation over the life cycle of each aircraft.

FTAI Aviation emerged in mid-2021 following the completion of a business combination with Azorra Aviation and the subsequent rebranding of its former sponsor, FTAI Infrastructure.