Brighthouse Financial, Inc. (NASDAQ:BHFAL) Short Interest Down 24.7% in December

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 141,800 shares, a drop of 24.7% from the December 15th total of 188,400 shares. Based on an average daily volume of 23,900 shares, the short-interest ratio is currently 5.9 days.

Brighthouse Financial Stock Up 3.4 %

Shares of Brighthouse Financial stock traded up $0.77 during trading on Wednesday, hitting $23.14. 15,466 shares of the stock were exchanged, compared to its average volume of 17,662. Brighthouse Financial has a 12 month low of $21.57 and a 12 month high of $25.47. The stock’s fifty day moving average is $24.16 and its 200 day moving average is $23.93.

Brighthouse Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Sunday, December 1st were given a $0.3906 dividend. This represents a $1.56 annualized dividend and a yield of 6.75%. The ex-dividend date was Friday, November 29th.

Institutional Investors Weigh In On Brighthouse Financial

A hedge fund recently raised its stake in Brighthouse Financial stock. Crossmark Global Holdings Inc. raised its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHFAL) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,741 shares of the company’s stock after acquiring an additional 3,565 shares during the period. Crossmark Global Holdings Inc.’s holdings in Brighthouse Financial were worth $6,787,000 as of its most recent SEC filing.

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.