Brighthouse Financial, Inc. (NASDAQ:BHFAL) Short Interest Update

Brighthouse Financial, Inc. (NASDAQ:BHFAL) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 31,800 shares, an increase of 162.8% from the March 31st total of 12,100 shares. Based on an average trading volume of 24,200 shares, the days-to-cover ratio is currently 1.3 days.

Brighthouse Financial Price Performance

BHFAL stock opened at $22.70 on Friday. Brighthouse Financial has a fifty-two week low of $19.10 and a fifty-two week high of $24.25. The business’s 50-day moving average is $23.06 and its two-hundred day moving average is $22.09.

Brighthouse Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.3906 dividend. This represents a $1.56 annualized dividend and a dividend yield of 6.88%. The ex-dividend date of this dividend was Thursday, February 29th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Brighthouse Financial stock. Thompson Investment Management Inc. acquired a new position in Brighthouse Financial, Inc. (NASDAQ:BHFAL) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,000 shares of the company’s stock, valued at approximately $46,000.

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.