FTAI Aviation Ltd. (NASDAQ:FTAIM) Short Interest Update

FTAI Aviation Ltd. (NASDAQ:FTAIM) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 3,000 shares, a decline of 23.1% from the February 13th total of 3,900 shares. Based on an average daily volume of 9,100 shares, the days-to-cover ratio is presently 0.3 days.

FTAI Aviation Stock Performance

Shares of NASDAQ:FTAIM traded down $0.01 during trading on Monday, hitting $26.04. The company’s stock had a trading volume of 2,795 shares, compared to its average volume of 10,856. The business has a 50 day moving average price of $26.19 and a two-hundred day moving average price of $26.51. FTAI Aviation has a fifty-two week low of $24.76 and a fifty-two week high of $28.16.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.5938 per share. The ex-dividend date is Monday, March 10th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 9.12%.

Hedge Funds Weigh In On FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. raised its stake in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 26.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,650 shares of the company’s stock after acquiring an additional 34,300 shares during the period. FTAI Aviation accounts for approximately 1.2% of Shikiar Asset Management Inc.’s portfolio, making the stock its 29th largest position. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,359,000 at the end of the most recent reporting period.

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.