Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAL) Declines By 24.7%

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 141,800 shares, a decrease of 24.7% from the December 15th total of 188,400 shares. Based on an average daily trading volume, of 23,900 shares, the days-to-cover ratio is presently 5.9 days.

Brighthouse Financial Trading Up 3.4 %

NASDAQ:BHFAL traded up $0.77 during trading hours on Wednesday, reaching $23.14. 15,466 shares of the stock were exchanged, compared to its average volume of 17,662. The firm has a 50 day simple moving average of $24.16 and a 200-day simple moving average of $23.93. Brighthouse Financial has a 52 week low of $21.57 and a 52 week high of $25.47.

Brighthouse Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Sunday, December 1st were paid a dividend of $0.3906 per share. This represents a $1.56 annualized dividend and a yield of 6.75%. The ex-dividend date of this dividend was Friday, November 29th.

Hedge Funds Weigh In On Brighthouse Financial

A hedge fund recently raised its stake in Brighthouse Financial stock. Crossmark Global Holdings Inc. lifted its holdings in Brighthouse Financial, Inc. (NASDAQ:BHFAL) by 1.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 267,741 shares of the company’s stock after buying an additional 3,565 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Brighthouse Financial were worth $6,787,000 as of its most recent filing with the SEC.

Brighthouse Financial Company Profile

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.