Brighthouse Financial, Inc. (NASDAQ:BHFAL) Sees Large Growth in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAL) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 138,100 shares, a growth of 22.9% from the November 15th total of 112,400 shares. Based on an average trading volume of 23,200 shares, the short-interest ratio is presently 6.0 days.

Brighthouse Financial Trading Down 1.4 %

Shares of NASDAQ:BHFAL traded down $0.35 during midday trading on Friday, reaching $24.15. 13,610 shares of the company were exchanged, compared to its average volume of 22,703. Brighthouse Financial has a fifty-two week low of $21.27 and a fifty-two week high of $25.47. The stock has a fifty day simple moving average of $24.67 and a two-hundred day simple moving average of $23.66.

Brighthouse Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Sunday, December 1st will be issued a $0.3906 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.47%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Brighthouse Financial stock. Crossmark Global Holdings Inc. grew its holdings in Brighthouse Financial, Inc. (NASDAQ:BHFAL) by 1.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 264,176 shares of the company’s stock after purchasing 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.