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

Brighthouse Financial, Inc. (NASDAQ:BHFAL) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 120,100 shares, a growth of 51.8% from the October 15th total of 79,100 shares. Based on an average daily volume of 23,200 shares, the days-to-cover ratio is currently 5.2 days.

Brighthouse Financial Price Performance

Shares of Brighthouse Financial stock traded up $0.10 on Friday, reaching $24.69. The company had a trading volume of 33,302 shares, compared to its average volume of 22,711. The firm’s 50 day moving average price is $24.84 and its two-hundred day moving average price is $23.42. Brighthouse Financial has a 52-week low of $20.38 and a 52-week high of $25.47.

Brighthouse Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Sunday, September 1st were paid a dividend of $0.3906 per share. This is an increase from Brighthouse Financial’s previous quarterly dividend of $0.39. This represents a $1.56 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend was Friday, August 30th.

Institutional Investors Weigh In On Brighthouse Financial

A hedge fund recently raised its stake in Brighthouse Financial stock. Crossmark Global Holdings Inc. raised its position in Brighthouse Financial, Inc. (NASDAQ:BHFAL) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission.

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.