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

FTAI Aviation Ltd. (NASDAQ:FTAIN) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 6,400 shares, an increase of 113.3% from the February 13th total of 3,000 shares. Based on an average trading volume of 10,300 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. increased its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIN) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,650 shares of the company’s stock after buying an additional 4,250 shares during the period. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission.

FTAI Aviation Stock Down 0.5 %

Shares of NASDAQ:FTAIN traded down $0.12 during midday trading on Friday, hitting $25.25. The stock had a trading volume of 3,294 shares, compared to its average volume of 12,086. The stock has a 50 day moving average price of $25.44 and a two-hundred day moving average price of $25.71. FTAI Aviation has a 1 year low of $24.48 and a 1 year high of $26.49.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.5156 dividend. This represents a $2.06 annualized dividend and a dividend yield of 8.17%. The ex-dividend date is 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.