Brighthouse Financial, Inc. (NASDAQ:BHFAL) Short Interest Up 36.4% in December

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 188,400 shares, an increase of 36.4% from the November 30th total of 138,100 shares. Based on an average trading volume of 23,600 shares, the short-interest ratio is presently 8.0 days.

Hedge Funds Weigh In On Brighthouse Financial

An institutional investor recently raised its position in Brighthouse Financial stock. Crossmark Global Holdings Inc. lifted its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHFAL) by 1.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 267,741 shares of the company’s stock after purchasing 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 filing with the SEC.

Brighthouse Financial Stock Down 0.5 %

BHFAL stock traded down $0.11 during midday trading on Monday, hitting $23.32. The stock had a trading volume of 46,532 shares, compared to its average volume of 22,920. The company’s 50-day moving average price is $24.49 and its 200 day moving average price is $23.81. Brighthouse Financial has a 12-month low of $21.40 and a 12-month high of $25.47.

Brighthouse Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Sunday, December 1st were issued a dividend of $0.3906 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.56 annualized dividend and a dividend yield of 6.70%.

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.