Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAIM) Expands By 12.5%

FTAI Aviation Ltd. (NASDAQ:FTAIM) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 1,800 shares, a growth of 12.5% from the October 15th total of 1,600 shares. Based on an average daily volume of 6,500 shares, the short-interest ratio is presently 0.3 days.

FTAI Aviation Stock Performance

FTAI Aviation stock traded up $0.13 during midday trading on Monday, hitting $27.38. 1,254 shares of the company were exchanged, compared to its average volume of 9,921. The company’s fifty day moving average price is $26.53 and its 200-day moving average price is $26.10. FTAI Aviation has a fifty-two week low of $24.35 and a fifty-two week high of $27.47.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.5938 per share. This represents a $2.38 annualized dividend and a yield of 8.67%. The ex-dividend date of this dividend is Monday, December 2nd.

Institutional Investors Weigh In On FTAI Aviation

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. boosted its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 128,350 shares of the company’s stock after purchasing an additional 5,550 shares during the quarter. FTAI Aviation makes up approximately 0.9% of Shikiar Asset Management Inc.’s holdings, making the stock its 29th largest holding. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $3,355,000 as of its most recent SEC filing.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.