Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAIM) Expands By 65.4%

FTAI Aviation Ltd. (NASDAQ:FTAIM) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 2,948 shares, a growth of 65.4% from the February 12th total of 1,782 shares. Based on an average trading volume of 2,179 shares, the days-to-cover ratio is presently 1.4 days. Based on an average trading volume of 2,179 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. increased its position in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,630 shares of the company’s stock after buying an additional 6,430 shares during the period. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,248,000 at the end of the most recent reporting period.

FTAI Aviation Price Performance

FTAIM stock opened at $26.58 on Friday. The stock has a 50-day moving average price of $27.14 and a 200-day moving average price of $26.89. FTAI Aviation has a 1-year low of $24.60 and a 1-year high of $27.49.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Monday, March 9th.

About FTAI Aviation

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.