Brighthouse Financial, Inc. (NASDAQ:BHFAN) Sees Significant Growth in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 40,600 shares, a growth of 84.5% from the August 15th total of 22,000 shares. Based on an average daily volume of 48,300 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Brighthouse Financial

An institutional investor recently bought a new position in Brighthouse Financial stock. OLD Point Trust & Financial Services N A purchased a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHFAN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,500 shares of the company’s stock, valued at approximately $28,000.

Brighthouse Financial Stock Performance

BHFAN traded down $0.02 during trading on Friday, hitting $20.12. 46,687 shares of the company traded hands, compared to its average volume of 43,025. The stock’s 50-day simple moving average is $19.24 and its two-hundred day simple moving average is $19.33. Brighthouse Financial has a 1 year low of $15.10 and a 1 year high of $20.85.

Brighthouse Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.3359 per share. This is a positive change from Brighthouse Financial’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.68%.

About Brighthouse Financial

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment consists of variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.