Brighthouse Financial, Inc. (NASDAQ:BHFAN) Short Interest Down 53.7% in July

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 10,000 shares, a decrease of 53.7% from the June 30th total of 21,600 shares. Based on an average daily volume of 30,000 shares, the days-to-cover ratio is presently 0.3 days.

Brighthouse Financial Price Performance

Shares of NASDAQ BHFAN traded up $0.19 during midday trading on Friday, hitting $19.20. 18,193 shares of the company’s stock traded hands, compared to its average volume of 36,157. Brighthouse Financial has a 1 year low of $15.10 and a 1 year high of $20.85. The firm has a fifty day moving average of $19.21 and a 200 day moving average of $19.41.

Brighthouse Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th were given a dividend of $0.3359 per share. This represents a $1.34 annualized dividend and a dividend yield of 7.00%. The ex-dividend date of this dividend was Monday, June 10th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Brighthouse Financial stock. OLD Point Trust & Financial Services N A purchased a new position in Brighthouse Financial, Inc. (NASDAQ:BHFAN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,500 shares of the company’s stock, valued at approximately $28,000.

About Brighthouse Financial

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.