FTAI Aviation Ltd. (NASDAQ:FTAIM) Short Interest Down 33.6% in July

FTAI Aviation Ltd. (NASDAQ:FTAIMGet Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 8,108 shares, a drop of 33.6% from the June 30th total of 12,208 shares. Based on an average daily volume of 3,645 shares, the days-to-cover ratio is currently 2.2 days.

FTAI Aviation Trading Up 0.3%

NASDAQ:FTAIM opened at $27.42 on Friday. The firm’s fifty day moving average price is $27.14 and its 200 day moving average price is $27.07. FTAI Aviation has a 1-year low of $26.06 and a 1-year high of $27.81.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.5938 dividend. This represents a $2.38 annualized dividend and a dividend yield of 8.7%. The ex-dividend date is Tuesday, September 1st.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. increased its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAIMFree Report) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,930 shares of the company’s stock after purchasing an additional 2,900 shares during the period. FTAI Aviation makes up approximately 1.3% of Shikiar Asset Management Inc.’s portfolio, making the stock its 25th largest position. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,352,000 at the end of the most recent quarter.

FTAI Aviation Company Profile

(Get Free Report)

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.

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