FTAI Aviation Ltd. (NASDAQ:FTAIM – Get Free Report) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 4,980 shares, a decline of 36.0% from the September 15th total of 7,786 shares. Based on an average daily trading volume, of 1,606 shares, the days-to-cover ratio is presently 3.1 days.
Hedge Funds Weigh In On FTAI Aviation
A hedge fund recently bought a new position in FTAI Aviation stock. Navellier & Associates Inc. bought a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,642 shares of the company’s stock, valued at approximately $985,000.
FTAI Aviation Trading Down 0.4%
FTAIM stock opened at $26.30 on Friday. FTAI Aviation has a twelve month low of $26.30 and a twelve month high of $27.81. The firm’s fifty day simple moving average is $27.18 and its two-hundred day simple moving average is $27.11.
FTAI Aviation Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $0.5938 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $2.38 dividend on an annualized basis and a dividend yield of 9.0%.
About FTAI Aviation
FTAI Aviation Ltd. is an aviation asset owner and operator focused on commercial aircraft engines and related aviation equipment. The company acquires, leases, manages and sells aircraft and engines, with an emphasis on assets that can generate value through leasing, maintenance and aftermarket activities.
FTAI Aviation also provides aviation products and services designed to support airline and maintenance, repair and overhaul operators. Its activities include engine leasing, engine and aircraft component sales, asset management, and the disassembly of aircraft and engines for parts.
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