Brighthouse Financial, Inc. (NASDAQ:BHFAN) Short Interest Down 69.9% in June

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the target of a large drop in short interest in June. As of June 15th, there was short interest totalling 13,200 shares, a drop of 69.9% from the May 31st total of 43,800 shares. Based on an average daily volume of 34,100 shares, the short-interest ratio is presently 0.4 days.

Brighthouse Financial Stock Performance

Shares of BHFAN traded down $0.48 during trading hours on Friday, hitting $19.32. The stock had a trading volume of 17,273 shares, compared to its average volume of 38,088. Brighthouse Financial has a 12 month low of $15.10 and a 12 month high of $20.85. The stock has a fifty day moving average price of $19.05 and a 200 day moving average price of $19.25.

Brighthouse Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Monday, June 10th were issued a $0.3359 dividend. This represents a $1.34 annualized dividend and a dividend yield of 6.96%. The ex-dividend date was Monday, June 10th.

Institutional Trading of Brighthouse Financial

A hedge fund recently bought a new stake in Brighthouse Financial stock. OLD Point Trust & Financial Services N A acquired a new position in Brighthouse Financial, Inc. (NASDAQ:BHFAN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,500 shares of the company’s stock, valued at approximately $28,000.

About Brighthouse Financial

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.