FTAI Aviation Ltd. (NASDAQ:FTAIM – Get 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
FTAI Aviation Company Profile
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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