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

FTAI Aviation Ltd. (NASDAQ:FTAIM) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 15,242 shares, a growth of 432.8% from the March 15th total of 2,861 shares. Based on an average daily volume of 5,208 shares, the days-to-cover ratio is currently 2.9 days.

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 shares of FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,630 shares of the company’s stock after purchasing an additional 6,430 shares during the quarter. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,248,000 as of its most recent filing with the Securities & Exchange Commission.

FTAI Aviation Stock Performance

FTAIM stock opened at $26.98 on Monday. FTAI Aviation has a 1-year low of $25.00 and a 1-year high of $27.49. The business has a fifty day moving average price of $27.11 and a 200-day moving average price of $26.98.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were given a dividend of $0.59 per share. The ex-dividend date was Monday, March 9th. This represents a $2.36 dividend on an annualized basis and a yield of 8.7%.

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.