FTAI Aviation Ltd. (NASDAQ:FTAIN) Sees Large Decrease in Short Interest

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in FTAI Aviation stock. Shikiar Asset Management Inc. raised its holdings in shares of FTAI Aviation Ltd. (NASDAQ:FTAIN) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,200 shares of the company’s stock after purchasing an additional 500 shares during the period. Shikiar Asset Management Inc.’s holdings in FTAI Aviation were worth $1,046,000 as of its most recent SEC filing.

FTAI Aviation Trading Up 0.0%

Shares of NASDAQ:FTAIN traded up $0.01 on Wednesday, hitting $24.98. The company had a trading volume of 1,963 shares, compared to its average volume of 10,726. The firm’s 50-day simple moving average is $25.30 and its two-hundred day simple moving average is $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 business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.5156 dividend. This represents a $2.06 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, June 1st.

FTAI Aviation Company Profile

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.