Short Interest in FTAI Aviation Ltd. (NASDAQ:FTAIN) Drops By 93.9%

FTAI Aviation Ltd. (NASDAQ:FTAIN) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 426 shares, a decrease of 93.9% from the May 14th total of 7,037 shares. Based on an average daily volume of 55,240 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of FTAI Aviation

A hedge fund recently raised its stake in FTAI Aviation stock. Shikiar Asset Management Inc. boosted its holdings in FTAI Aviation Ltd. (NASDAQ:FTAIN) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,200 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,046,000 at the end of the most recent quarter.

FTAI Aviation Stock Down 0.0%

FTAIN stock traded down $0.01 on Tuesday, hitting $24.97. The company’s stock had a trading volume of 5,013 shares, compared to its average volume of 10,818. The firm has a 50 day moving average of $25.30 and a two-hundred day moving average of $25.41. FTAI Aviation has a 1 year low of $24.80 and a 1 year high of $25.89.

FTAI Aviation Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.5156 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.06 annualized dividend and a yield of 8.3%.

About FTAI Aviation

FTAI Aviation Ltd. is a publicly traded aircraft leasing company that acquires, leases and sells commercial jet aircraft to airlines worldwide. The company’s fleet consists of narrow-body and wide-body jets, primarily from the Airbus A320 family and Boeing 737 series, which it places under operating leases with carriers across Europe, Asia, the Middle East, Africa and Latin America. FTAI Aviation focuses on modern, mid-life aircraft to balance acquisition cost with residual value stability.

In addition to lease financing, FTAI Aviation provides comprehensive asset management and remarketing services.