Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAO) Declines By 39.0%

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 22,200 shares, a drop of 39.0% from the February 13th total of 36,400 shares. Based on an average trading volume of 52,600 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Brighthouse Financial

An institutional investor recently raised its position in Brighthouse Financial stock. PNC Financial Services Group Inc. grew its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHFAO) by 50.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,536 shares of the company’s stock after purchasing an additional 516 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Brighthouse Financial were worth $34,000 as of its most recent filing with the SEC.

Brighthouse Financial Stock Up 1.3 %

Shares of BHFAO stock traded up $0.28 during mid-day trading on Friday, hitting $22.28. 40,564 shares of the stock traded hands, compared to its average volume of 31,792. Brighthouse Financial has a twelve month low of $20.74 and a twelve month high of $26.00. The company’s 50-day simple moving average is $22.36 and its 200-day simple moving average is $23.89.

Brighthouse Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a dividend yield of 7.57%. The ex-dividend date of this dividend is Monday, March 10th.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment consists of variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.