FTAI Aviation Ltd. (NASDAQ:FTAIM) Shares Shorted: Short Interest Down 36.0% in September

FTAI Aviation Ltd. (NASDAQ:FTAIM – Get Free Report) was the recipient of a significant decline in short interest in 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 trading volume of 1,606 shares, the short-interest ratio is currently 3.1 days.

FTAI Aviation Stock Down 0.4%

Shares of NASDAQ FTAIM traded down $0.11 during trading hours on Friday, reaching $26.30. The stock had a trading volume of 324 shares, compared to its average volume of 4,156. FTAI Aviation has a 52-week low of $26.30 and a 52-week high of $27.81. The business’s fifty day moving average price is $27.18 and its two-hundred day moving average price is $27.11.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given 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 yield of 9.0%.

Hedge Funds Weigh In On FTAI Aviation

An institutional investor recently bought a new stake in FTAI Aviation stock. Navellier & Associates Inc. acquired a new stake in FTAI Aviation Ltd. (NASDAQ:FTAIM – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,642 shares of the company’s stock, valued at approximately $985,000.

About FTAI Aviation

(Get Free Report)

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.

Further Reading

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