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

FTAI Aviation Ltd. (NASDAQ:FTAIN) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 3,444 shares, a growth of 25.9% from the February 26th total of 2,736 shares. Based on an average daily volume of 4,936 shares, the days-to-cover ratio is currently 0.7 days.

FTAI Aviation Trading Up 0.2%

NASDAQ FTAIN traded up $0.05 during trading hours on Wednesday, reaching $25.23. The company had a trading volume of 26,346 shares, compared to its average volume of 5,081. The stock has a 50-day moving average of $25.47 and a 200 day moving average of $25.51. FTAI Aviation has a 1-year low of $24.32 and a 1-year high of $25.89.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend was Monday, March 9th.

Hedge Funds Weigh In On FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. raised its position in FTAI Aviation Ltd. (NASDAQ:FTAIN) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,700 shares of the company’s stock after acquiring an additional 1,250 shares during the quarter. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,043,000 as of its most recent SEC filing.

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.