FTAI Aviation Ltd. (NASDAQ:FTAIM – Get Free Report) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 4,980 shares, a decline 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 presently 3.1 days.
FTAI Aviation Stock Performance
FTAI Aviation stock opened at $26.32 on Friday. FTAI Aviation has a 1 year low of $26.30 and a 1 year high of $27.81. The firm’s 50-day moving average is $27.21 and its 200-day moving average is $27.11.
FTAI Aviation Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.5938 per share. The ex-dividend date was Tuesday, September 1st. This represents a $2.38 dividend on an annualized basis and a dividend yield of 9.0%.
Institutional Investors Weigh In On FTAI Aviation
A hedge fund recently bought a new stake in FTAI Aviation stock. Navellier & Associates Inc. purchased a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAIM – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,642 shares of the company’s stock, valued at approximately $985,000.
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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