Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAL) Expands By 75.5%

Posted by Jeff Wilder on Sep 14th, 2024

Brighthouse Financial, Inc. (NASDAQ:BHFAL – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 36,500 shares, an increase of 75.5% from the August 15th total of 20,800 shares. Based on an average daily trading volume, of 24,400 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Brighthouse Financial stock. Thompson Investment Management Inc. purchased a new stake in Brighthouse Financial, Inc. (NASDAQ:BHFAL – Free Report) during the 1st quarter, according to its most recent disclosure 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 Price Performance

BHFAL traded down $0.07 during trading on Friday, hitting $24.58. 20,030 shares of the company’s stock were exchanged, compared to its average volume of 22,614. Brighthouse Financial has a 1 year low of $19.10 and a 1 year high of $24.80. The stock has a 50 day moving average price of $23.12 and a 200 day moving average price of $22.85.

Brighthouse Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Sunday, September 1st will be paid a $0.3906 dividend. The ex-dividend date of this dividend is Friday, August 30th. This is an increase from Brighthouse Financial’s previous quarterly dividend of $0.39. This represents a $1.56 annualized dividend and a dividend yield of 6.36%.

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.