FTAI Aviation Ltd. (NASDAQ:FTAIM) Sees Large Drop in Short Interest

FTAI Aviation Ltd. (NASDAQ:FTAIM) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 8,108 shares, a decrease of 33.6% from the June 30th total of 12,208 shares. Based on an average daily volume of 3,645 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Trading of FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. raised its holdings in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 1.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 160,930 shares of the company’s stock after purchasing an additional 2,900 shares during the quarter. FTAI Aviation accounts for approximately 1.3% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,352,000 as of its most recent SEC filing.

FTAI Aviation Price Performance

Shares of FTAIM opened at $27.42 on Friday. The company’s fifty day moving average price is $27.14 and its 200-day moving average price is $27.07. FTAI Aviation has a 1-year low of $26.06 and a 1-year high of $27.81.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.5938 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.38 dividend on an annualized basis and a dividend yield of 8.7%.

FTAI Aviation Company Profile

FTAI Aviation Ltd., trading on the NASDAQ under the symbol FTAIM, is a publicly listed holding company that offers investors exposure to the commercial aviation sector through its wholly owned operating subsidiary, Azorra Aviation. The company’s core business is centered on acquiring, leasing and trading narrowbody aircraft, with a fleet predominantly comprised of Airbus A320- and Boeing 737-family jets. Through long-term lease agreements, sale-and-leaseback transactions and selective asset disposals, FTAI Aviation seeks to generate predictable rental streams and capture residual value appreciation over the life cycle of each aircraft.

FTAI Aviation emerged in mid-2021 following the completion of a business combination with Azorra Aviation and the subsequent rebranding of its former sponsor, FTAI Infrastructure.