Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAIN) Decreases By 63.9%

FTAI Aviation Ltd. (NASDAQ:FTAINGet Free Report) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 3,000 shares, a decline of 63.9% from the January 31st total of 8,300 shares. Based on an average daily trading volume, of 10,500 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. lifted its stake in FTAI Aviation Ltd. (NASDAQ:FTAINFree Report) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,650 shares of the company’s stock after acquiring an additional 4,250 shares during the quarter. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,206,000 as of its most recent SEC filing.

FTAI Aviation Price Performance

NASDAQ:FTAIN traded up $0.17 during mid-day trading on Friday, hitting $25.92. 5,732 shares of the company’s stock traded hands, compared to its average volume of 14,444. The firm has a 50 day moving average of $25.50 and a two-hundred day moving average of $25.72. FTAI Aviation has a 12 month low of $24.48 and a 12 month high of $26.49.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.5156 per share. The ex-dividend date is Monday, March 10th. This represents a $2.06 dividend on an annualized basis and a yield of 7.96%.

FTAI Aviation Company Profile

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FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.

Further Reading

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