Brighthouse Financial, Inc. (NASDAQ:BHFAL – Get Rating) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 14,600 shares, an increase of 117.9% from the November 15th total of 6,700 shares. Based on an average daily trading volume, of 28,700 shares, the short-interest ratio is currently 0.5 days.
Brighthouse Financial Trading Up 1.3 %
NASDAQ BHFAL opened at $24.15 on Wednesday. The firm has a 50-day simple moving average of $22.59 and a 200 day simple moving average of $23.92. Brighthouse Financial has a twelve month low of $21.01 and a twelve month high of $27.10.
Get Brighthouse Financial alerts:Brighthouse Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a $0.3906 dividend. This represents a $1.56 annualized dividend and a yield of 6.47%. The ex-dividend date of this dividend is Wednesday, November 30th.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in BHFAL. Connectus Wealth LLC acquired a new position in Brighthouse Financial in the third quarter worth about $2,211,000. Crossmark Global Holdings Inc. raised its position in Brighthouse Financial by 3.9% in the first quarter. Crossmark Global Holdings Inc. now owns 250,883 shares of the company's stock worth $6,480,000 after purchasing an additional 9,370 shares in the last quarter. Finally, Accel Wealth Management acquired a new position in Brighthouse Financial in the second quarter worth about $25,000.Brighthouse Financial Company Profile
(Get Rating)
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.
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