Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAL) Drops By 37.3%

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 50,000 shares, a decrease of 37.3% from the September 15th total of 79,800 shares. Based on an average daily volume of 25,500 shares, the short-interest ratio is currently 2.0 days.

Brighthouse Financial Stock Down 0.0 %

NASDAQ:BHFAL traded down $0.01 during trading hours on Monday, hitting $24.94. 3,798 shares of the company were exchanged, compared to its average volume of 22,994. Brighthouse Financial has a one year low of $19.10 and a one year high of $25.37. The company has a fifty day simple moving average of $24.00 and a 200 day simple moving average of $23.10.

Brighthouse Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Sunday, September 1st were given a dividend of $0.3906 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.27%. This is an increase from Brighthouse Financial’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, August 30th.

Institutional Trading of Brighthouse Financial

A hedge fund recently bought a new stake in Brighthouse Financial stock. Thompson Investment Management Inc. acquired a new stake in Brighthouse Financial, Inc. (NASDAQ:BHFAL) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor 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.