Brighthouse Financial, Inc. (NASDAQ:BHFAL) Short Interest Update

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 112,400 shares, a drop of 6.4% from the October 31st total of 120,100 shares. Based on an average daily volume of 24,600 shares, the days-to-cover ratio is currently 4.6 days.

Brighthouse Financial Trading Up 0.2 %

Shares of Brighthouse Financial stock traded up $0.04 during trading on Tuesday, reaching $24.13. The company’s stock had a trading volume of 3,435 shares, compared to its average volume of 22,805. The business’s 50-day moving average price is $24.81 and its 200-day moving average price is $23.56. Brighthouse Financial has a 52 week low of $20.38 and a 52 week high of $25.47.

Brighthouse Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Sunday, December 1st will be given a $0.3906 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.56 dividend on an annualized basis and a yield of 6.48%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Brighthouse Financial stock. Crossmark Global Holdings Inc. raised its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHFAL) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 264,176 shares of the company’s stock after purchasing an additional 3,241 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Brighthouse Financial were worth $5,811,000 as of its most recent SEC filing.

Brighthouse Financial Company Profile

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.