Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAL) Expands By 5.1%

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 10,400 shares, an increase of 5.1% from the June 30th total of 9,900 shares. Based on an average daily volume of 22,400 shares, the days-to-cover ratio is currently 0.5 days.

Brighthouse Financial Price Performance

Shares of Brighthouse Financial stock traded up $0.17 during trading on Thursday, hitting $22.97. 3,899 shares of the stock traded hands, compared to its average volume of 22,461. Brighthouse Financial has a 52 week low of $19.10 and a 52 week high of $24.18. The firm’s fifty day moving average is $22.37 and its 200-day moving average is $22.75.

Brighthouse Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Saturday, June 1st were issued a $0.3906 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.56 annualized dividend and a dividend yield of 6.80%.

Institutional Trading of Brighthouse Financial

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

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.