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

FTAI Aviation Ltd. (NASDAQ:FTAIN) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 5,710 shares, an increase of 65.8% from the March 15th total of 3,444 shares. Based on an average daily volume of 6,196 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. increased its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIN) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,700 shares of the company’s stock after purchasing an additional 1,250 shares during the quarter. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,043,000 at the end of the most recent quarter.

FTAI Aviation Stock Performance

Shares of NASDAQ FTAIN traded up $0.02 during trading hours on Wednesday, hitting $25.30. 3,333 shares of the company traded hands, compared to its average volume of 6,213. The company’s 50 day moving average price is $25.41 and its 200 day moving average price is $25.49. FTAI Aviation has a 12 month low of $24.56 and a 12 month high of $25.89.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $2.08 annualized dividend and a dividend yield of 8.2%.

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.