FTAI Aviation Ltd. (NASDAQ:FTAIN) Sees Significant Increase in Short Interest

FTAI Aviation Ltd. (NASDAQ:FTAIN) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,500 shares, a growth of 31.6% from the October 31st total of 1,900 shares. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is currently 0.5 days.

FTAI Aviation Price Performance

FTAIN stock traded up $0.21 during midday trading on Friday, reaching $26.30. The company’s stock had a trading volume of 3,460 shares, compared to its average volume of 6,365. The business’s 50-day simple moving average is $25.96 and its 200-day simple moving average is $25.62. FTAI Aviation has a 52 week low of $23.30 and a 52 week high of $26.49.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.5156 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.06 annualized dividend and a dividend yield of 7.84%.

Institutional Investors Weigh In On FTAI Aviation

An institutional investor recently bought a new position in FTAI Aviation stock. Shikiar Asset Management Inc. acquired a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIN) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 41,400 shares of the company’s stock, valued at approximately $1,062,000.

About FTAI Aviation

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.