Brighthouse Financial, Inc. (NASDAQ:BHFAL) Short Interest Down 37.3% in September

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 50,000 shares, a decline of 37.3% from the September 15th total of 79,800 shares. Based on an average daily volume of 25,500 shares, the days-to-cover ratio is currently 2.0 days.

Brighthouse Financial Price Performance

NASDAQ BHFAL traded up $0.21 during midday trading on Friday, hitting $24.95. The company had a trading volume of 19,381 shares, compared to its average volume of 23,092. The firm has a 50-day moving average price of $24.00 and a 200-day moving average price of $23.10. Brighthouse Financial has a twelve month low of $19.10 and a twelve month high of $25.37.

Brighthouse Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Sunday, September 1st were issued a $0.3906 dividend. The ex-dividend date of this dividend was Friday, August 30th. This is a boost from Brighthouse Financial’s previous quarterly dividend of $0.39. This represents a $1.56 annualized dividend and a yield of 6.26%.

Hedge Funds Weigh In On Brighthouse Financial

An institutional investor recently raised its position in Brighthouse Financial stock. Crossmark Global Holdings Inc. raised its stake in Brighthouse Financial, Inc. (NASDAQ:BHFAL) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,176 shares of the company’s stock after acquiring an additional 3,241 shares during the period. Crossmark Global Holdings Inc.’s holdings in Brighthouse Financial were worth $5,811,000 at the end of the most recent quarter.

About Brighthouse Financial

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.