Brighthouse Financial, Inc. (NASDAQ:BHFAN) Sees Large Increase in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAN) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 26,700 shares, a growth of 13.6% from the September 15th total of 23,500 shares. Based on an average daily volume of 62,200 shares, the days-to-cover ratio is presently 0.4 days.

Brighthouse Financial Price Performance

BHFAN stock traded up $0.12 during trading on Monday, hitting $20.91. The company had a trading volume of 44,780 shares, compared to its average volume of 45,236. The company has a fifty day moving average price of $19.86 and a two-hundred day moving average price of $19.44. Brighthouse Financial has a fifty-two week low of $15.10 and a fifty-two week high of $21.63.

Brighthouse Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th were issued a $0.3359 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date was Tuesday, September 10th. This is an increase from Brighthouse Financial’s previous quarterly dividend of $0.34.

Institutional Investors Weigh In On Brighthouse Financial

An institutional investor recently bought a new position in Brighthouse Financial stock. Thompson Investment Management Inc. bought a new stake in Brighthouse Financial, Inc. (NASDAQ:BHFAN) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,100 shares of the company’s stock, valued at approximately $64,000.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment consists of variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.