FTAI Aviation Ltd. (NASDAQ:FTAIM) Short Interest Up 171.4% in March

FTAI Aviation Ltd. (NASDAQ:FTAIM) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 1,900 shares, an increase of 171.4% from the March 15th total of 700 shares. Based on an average trading volume of 9,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of FTAI Aviation

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:FTAIM) by 26.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,650 shares of the company’s stock after acquiring an additional 34,300 shares during the quarter. FTAI Aviation comprises approximately 1.2% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 29th biggest holding. 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 Price Performance

NASDAQ:FTAIM traded up $0.13 during trading hours on Tuesday, hitting $25.66. 3,914 shares of the company traded hands, compared to its average volume of 9,799. FTAI Aviation has a twelve month low of $24.60 and a twelve month high of $28.16. The firm has a 50-day moving average of $26.02 and a 200 day moving average of $26.43.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.5938 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 9.26%.

FTAI Aviation Company Profile

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.