FTAI Aviation Ltd. (NASDAQ:FTAIN) Sees Large Growth in Short Interest

FTAI Aviation Ltd. (NASDAQ:FTAIN) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 2,736 shares, a growth of 197.1% from the February 12th total of 921 shares. Based on an average daily trading volume, of 3,945 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 3,945 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. boosted its position in FTAI Aviation Ltd. (NASDAQ:FTAIN) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 SEC.

FTAI Aviation Stock Down 0.0%

Shares of FTAI Aviation stock traded down $0.01 on Friday, hitting $25.27. The company had a trading volume of 5,189 shares, compared to its average volume of 4,732. The stock has a 50-day moving average of $25.53 and a 200-day moving average of $25.52. FTAI Aviation has a twelve month low of $24.32 and a twelve month high of $25.89.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Monday, March 9th.

About FTAI Aviation

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.