Brighthouse Financial, Inc. (NASDAQ:BHFAL) Short Interest Up 51.8% in October

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 120,100 shares, a growth of 51.8% from the October 15th total of 79,100 shares. Based on an average trading volume of 23,200 shares, the days-to-cover ratio is presently 5.2 days.

Brighthouse Financial Trading Down 0.6 %

BHFAL stock opened at $24.66 on Thursday. The business’s 50-day moving average is $24.84 and its 200 day moving average is $23.41. Brighthouse Financial has a 12-month low of $20.38 and a 12-month high of $25.47.

Brighthouse Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Sunday, September 1st were paid a $0.3906 dividend. 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 6.34%. The ex-dividend date of this dividend was Friday, August 30th.

Institutional Trading of Brighthouse Financial

A hedge fund recently raised its stake in Brighthouse Financial stock. Crossmark Global Holdings Inc. grew its stake in Brighthouse Financial, Inc. (NASDAQ:BHFAL) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 267,741 shares of the company’s stock after acquiring 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 SEC filing.

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.