Brighthouse Financial, Inc. (NASDAQ:BHFAL) Sees Significant Increase in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 138,100 shares, an increase of 22.9% from the November 15th total of 112,400 shares. Based on an average daily trading volume, of 23,200 shares, the days-to-cover ratio is currently 6.0 days.

Institutional Trading of Brighthouse Financial

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 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 267,741 shares of the company’s stock after buying an additional 3,565 shares during the period. Crossmark Global Holdings Inc.’s holdings in Brighthouse Financial were worth $6,787,000 at the end of the most recent quarter.

Brighthouse Financial Stock Down 1.4 %

Shares of BHFAL traded down $0.35 during mid-day trading on Friday, hitting $24.15. 13,610 shares of the company traded hands, compared to its average volume of 22,703. The stock has a 50-day moving average price of $24.67 and a two-hundred day moving average price of $23.66. Brighthouse Financial has a 1 year low of $21.27 and a 1 year high of $25.47.

Brighthouse Financial Announces Dividend

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 paid a dividend of $0.3906 per share. The ex-dividend date is Friday, November 29th. This represents a $1.56 dividend on an annualized basis and a yield of 6.47%.

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.