FTAI Aviation Ltd. (NASDAQ:FTAIN) Short Interest Down 64.5% in December

FTAI Aviation Ltd. (NASDAQ:FTAIN) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 1,222 shares, a decrease of 64.5% from the November 30th total of 3,444 shares. Based on an average daily trading volume, of 4,532 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 4,532 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. grew its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIN) by 3.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,700 shares of the company’s stock after purchasing an additional 1,250 shares during the period. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,043,000 as of its most recent SEC filing.

FTAI Aviation Price Performance

Shares of FTAIN stock traded down $0.07 during mid-day trading on Friday, reaching $25.42. The stock had a trading volume of 578 shares, compared to its average volume of 7,839. The stock’s 50-day moving average price is $25.54 and its two-hundred day moving average price is $25.45. FTAI Aviation has a 52-week low of $24.32 and a 52-week high of $26.41.

FTAI Aviation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.52 dividend. This is an increase from FTAI Aviation’s previous quarterly dividend of $0.52. The ex-dividend date was Monday, December 1st. This represents a $2.08 annualized dividend and a yield of 8.2%.

FTAI Aviation Company Profile

FTAI Aviation Ltd. is a publicly traded aircraft leasing company that acquires, leases and sells commercial jet aircraft to airlines worldwide. The company’s fleet consists of narrow-body and wide-body jets, primarily from the Airbus A320 family and Boeing 737 series, which it places under operating leases with carriers across Europe, Asia, the Middle East, Africa and Latin America. FTAI Aviation focuses on modern, mid-life aircraft to balance acquisition cost with residual value stability.

In addition to lease financing, FTAI Aviation provides comprehensive asset management and remarketing services.