Brighthouse Financial, Inc. (NASDAQ:BHFAL) Sees Large Drop in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFALGet Free Report) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 800 shares, a drop of 82.2% from the January 15th total of 4,500 shares. Based on an average trading volume of 25,900 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Brighthouse Financial

A hedge fund recently raised its stake in Brighthouse Financial stock. Crossmark Global Holdings Inc. lifted its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHFALFree Report) by 3.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 250,105 shares of the company’s stock after acquiring an additional 8,127 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Brighthouse Financial were worth $5,978,000 at the end of the most recent quarter.

Brighthouse Financial Stock Performance

Shares of BHFAL traded up $0.25 on Monday, reaching $23.80. 33,232 shares of the company’s stock traded hands, compared to its average volume of 20,294. The stock’s 50 day simple moving average is $22.02 and its two-hundred day simple moving average is $22.10. Brighthouse Financial has a 52-week low of $19.10 and a 52-week high of $24.98.

Brighthouse Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.3906 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.57%. This is an increase from Brighthouse Financial’s previous quarterly dividend of $0.39. The ex-dividend date was Thursday, November 30th.

Brighthouse Financial Company Profile

(Get Free Report)

Brighthouse Financial, Inc operates as a holding company, which engages in the provision of life insurance and annuities through independent distribution channels and marketing arrangements with diverse network of distribution partners. It operates through the following segments: Annuities; Life; Run-Off; and Corporate & Others.

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