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

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 112,400 shares, a decrease of 6.4% from the October 31st total of 120,100 shares. Based on an average daily volume of 24,600 shares, the days-to-cover ratio is presently 4.6 days.

Brighthouse Financial Price Performance

BHFAL traded down $0.14 on Monday, reaching $24.31. The company had a trading volume of 12,337 shares, compared to its average volume of 22,873. The stock has a 50-day moving average price of $24.81 and a 200-day moving average price of $23.56. Brighthouse Financial has a 1 year low of $20.38 and a 1 year high of $25.47.

Brighthouse Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Sunday, December 1st will be given a $0.3906 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.56 annualized dividend and a yield of 6.43%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Brighthouse Financial stock. Crossmark Global Holdings Inc. increased its stake in Brighthouse Financial, Inc. (NASDAQ:BHFAL) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,176 shares of the company’s stock after purchasing an additional 3,241 shares during the quarter. 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.