Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAIN) Drops By 93.9%

FTAI Aviation Ltd. (NASDAQ:FTAIN) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 426 shares, a decline of 93.9% from the May 14th total of 7,037 shares. Based on an average trading volume of 55,240 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. lifted its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIN) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,200 shares of the company’s stock after buying an additional 500 shares during the quarter. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,046,000 at the end of the most recent reporting period.

FTAI Aviation Stock Down 0.0%

Shares of NASDAQ:FTAIN traded down $0.01 during trading on Tuesday, hitting $24.97. 5,013 shares of the company were exchanged, compared to its average volume of 10,818. FTAI Aviation has a 12-month low of $24.80 and a 12-month high of $25.89. The firm’s 50 day moving average price is $25.30 and its 200-day moving average price is $25.41.

FTAI Aviation Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.5156 per share. This represents a $2.06 annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Monday, June 1st.

About FTAI Aviation

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.