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

FTAI Aviation Ltd. (NASDAQ:FTAIM) was the target of a large 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 daily trading volume, of 9,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of 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 fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 162,650 shares of the company’s stock after acquiring an additional 34,300 shares during the quarter. FTAI Aviation makes up 1.2% of Shikiar Asset Management Inc.’s portfolio, making the stock its 29th biggest holding. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,359,000 as of its most recent filing with the Securities & Exchange Commission.

FTAI Aviation Trading Up 0.5 %

NASDAQ FTAIM traded up $0.13 during trading on Tuesday, reaching $25.66. 3,914 shares of the company’s stock traded hands, compared to its average volume of 9,799. The company’s 50 day simple moving average is $26.02 and its two-hundred day simple moving average is $26.43. FTAI Aviation has a 12-month low of $24.60 and a 12-month high of $28.16.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.5938 dividend. This represents a $2.38 annualized dividend and a yield of 9.26%. The ex-dividend date was Monday, March 10th.

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.