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

FTAI Aviation Ltd. (NASDAQ:FTAIM) saw a large decrease in short interest during the month of 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 trading volume, of 3,645 shares, the days-to-cover ratio is presently 2.2 days.

FTAI Aviation Stock Down 0.2%

NASDAQ FTAIM opened at $27.35 on Friday. The firm’s fifty day moving average price is $27.13 and its two-hundred 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.5938 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend is Tuesday, September 1st.

Institutional Investors Weigh In On FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. boosted its position in FTAI Aviation Ltd. (NASDAQ:FTAIM) by 1.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 160,930 shares of the company’s stock after purchasing an additional 2,900 shares during the period. FTAI Aviation comprises 1.3% of Shikiar Asset Management Inc.’s holdings, making the stock its 25th largest position. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,352,000 at the end of the most recent quarter.

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.