Brighthouse Financial, Inc. (NASDAQ:BHFAL) Sees Large Growth in Short Interest

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 daily trading volume, of 23,200 shares, the days-to-cover ratio is presently 5.2 days.

Hedge Funds Weigh In On 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 1.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 264,176 shares of the company’s stock after buying an additional 3,241 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Brighthouse Financial were worth $5,811,000 as of its most recent filing with the SEC.

Brighthouse Financial Trading Down 0.6 %

Shares of NASDAQ:BHFAL opened at $24.66 on Thursday. Brighthouse Financial has a 1 year low of $20.38 and a 1 year high of $25.47. The firm’s 50-day moving average is $24.84 and its two-hundred day moving average is $23.41.

Brighthouse Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Sunday, September 1st were paid a dividend of $0.3906 per share. This is an increase from Brighthouse Financial’s previous quarterly dividend of $0.39. This represents a $1.56 annualized dividend and a yield of 6.34%. The ex-dividend date of this dividend was Friday, August 30th.

About Brighthouse Financial

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.