Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAL) Increases By 118.6%

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 79,800 shares, an increase of 118.6% from the August 31st total of 36,500 shares. Based on an average daily trading volume, of 23,500 shares, the days-to-cover ratio is presently 3.4 days.

Brighthouse Financial Stock Performance

Shares of NASDAQ BHFAL opened at $25.13 on Friday. The company has a 50 day simple moving average of $23.59 and a 200-day simple moving average of $22.98. Brighthouse Financial has a 1 year low of $19.10 and a 1 year high of $25.26.

Brighthouse Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Sunday, September 1st were paid a $0.3906 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.22%. This is an increase from Brighthouse Financial’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 30th.

Institutional Trading of Brighthouse Financial

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

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.