Brighthouse Financial, Inc. (NASDAQ:BHFAL) Short Interest Update

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 188,400 shares, a growth of 36.4% from the November 30th total of 138,100 shares. Based on an average trading volume of 23,600 shares, the days-to-cover ratio is presently 8.0 days.

Institutional Investors Weigh In On Brighthouse Financial

An institutional investor recently raised its position in Brighthouse Financial stock. Crossmark Global Holdings Inc. increased its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHFAL) by 1.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 267,741 shares of the company’s stock after purchasing 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 reporting period.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHFAL traded down $0.59 during midday trading on Friday, hitting $23.43. 39,505 shares of the stock were exchanged, compared to its average volume of 22,826. Brighthouse Financial has a 52-week low of $21.40 and a 52-week high of $25.47. The business’s fifty day simple moving average is $24.49 and its two-hundred day simple moving average is $23.79.

Brighthouse Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Sunday, December 1st were paid a dividend of $0.3906 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date of this dividend was Friday, November 29th.

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.