FTAI Aviation Ltd. (NASDAQ:FTAIM) Short Interest Update

FTAI Aviation Ltd. (NASDAQ:FTAIM) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 8,108 shares, a decline of 33.6% from the June 30th total of 12,208 shares. Based on an average trading volume of 3,645 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Investors Weigh In On FTAI Aviation

An institutional investor recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. lifted its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,930 shares of the company’s stock after purchasing an additional 2,900 shares during the period. FTAI Aviation accounts for approximately 1.3% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $4,352,000 at the end of the most recent reporting period.

FTAI Aviation Stock Performance

FTAIM opened at $27.35 on Friday. The stock’s fifty day simple moving average is $27.13 and its 200 day simple moving average 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.5938 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Tuesday, September 1st.

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.