Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAIM) Decreases By 76.7%

FTAI Aviation Ltd. (NASDAQ:FTAIMGet Free Report) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 700 shares, a decline of 76.7% from the February 28th total of 3,000 shares. Based on an average daily trading volume, of 8,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. increased its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAIMFree Report) by 26.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 162,650 shares of the company’s stock after purchasing an additional 34,300 shares during the quarter. FTAI Aviation makes up about 1.2% of Shikiar Asset Management Inc.’s holdings, making the stock its 29th biggest position. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,359,000 at the end of the most recent reporting period.

FTAI Aviation Stock Performance

Shares of NASDAQ FTAIM traded down $0.03 during trading hours on Friday, reaching $25.95. The stock had a trading volume of 1,730 shares, compared to its average volume of 9,916. The business’s fifty day moving average is $26.08 and its two-hundred day moving average is $26.49. FTAI Aviation has a twelve month low of $24.76 and a twelve month high of $28.16.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.5938 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.38 annualized dividend and a yield of 9.15%.

About FTAI Aviation

(Get Free Report)

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.

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