FTAI Aviation Ltd. (NASDAQ:FTAIM – Get Free Report) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 4,980 shares, a decrease of 36.0% from the September 15th total of 7,786 shares. Based on an average daily volume of 1,606 shares, the days-to-cover ratio is currently 3.1 days.
Hedge Funds Weigh In On FTAI Aviation
A hedge fund recently bought a new stake in FTAI Aviation stock. Navellier & Associates Inc. bought a new position in FTAI Aviation Ltd. (NASDAQ:FTAIM – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,642 shares of the company’s stock, valued at approximately $985,000.
FTAI Aviation Price Performance
Shares of FTAIM stock opened at $26.32 on Friday. FTAI Aviation has a 12-month low of $26.30 and a 12-month high of $27.81. The firm has a fifty day moving average of $27.21 and a 200-day moving average of $27.11.
FTAI Aviation Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.5938 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend was Tuesday, September 1st.
FTAI Aviation Company Profile
FTAI Aviation Ltd. is an aviation asset owner, lessor and manager that acquires, leases and manages commercial aircraft and aircraft engines. The company focuses primarily on narrowbody aircraft and widely used engine platforms, serving airlines, lessors and other aviation customers.
In addition to leasing activities, FTAI Aviation provides aviation products and services related to engines and aircraft assets. Its operations include engine leasing, asset management, maintenance support and the development of proprietary aviation products intended to extend the useful life and improve the economics of commercial aircraft and engines.
FTAI Aviation serves customers in international aviation markets and is led by Joseph P.
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