Brighthouse Financial, Inc. (NASDAQ:BHFAO) Sees Large Increase in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 15,600 shares, an increase of 246.7% from the May 15th total of 4,500 shares. Based on an average daily trading volume, of 44,600 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Brighthouse Financial

An institutional investor recently raised its position in Brighthouse Financial stock. PNC Financial Services Group Inc. raised its stake in Brighthouse Financial, Inc. (NASDAQ:BHFAO) by 50.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,536 shares of the company’s stock after acquiring an additional 516 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Brighthouse Financial were worth $34,000 at the end of the most recent reporting period.

Brighthouse Financial Stock Performance

Brighthouse Financial stock opened at $20.11 on Friday. The business has a 50-day simple moving average of $19.94 and a two-hundred day simple moving average of $21.64. Brighthouse Financial has a 52-week low of $18.53 and a 52-week high of $26.00.

Brighthouse Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be given a $0.4219 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.69 dividend on an annualized basis and a yield of 8.39%.

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.