Brighthouse Financial, Inc. (NASDAQ:BHFAL) Short Interest Up 118.6% in September

by · The Cerbat Gem

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

Institutional Trading of Brighthouse Financial

An institutional investor recently bought a new position in Brighthouse Financial stock. Thompson Investment Management Inc. acquired a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHFAL – Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,000 shares of the company’s stock, valued at approximately $46,000.

Brighthouse Financial Price Performance

Shares of Brighthouse Financial stock opened at $25.13 on Friday. Brighthouse Financial has a 1 year low of $19.10 and a 1 year high of $25.26. The company’s fifty day moving average is $23.59 and its two-hundred day moving average is $22.98.

Brighthouse Financial Increases Dividend

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

About Brighthouse Financial

(Get Free Report)

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.

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