Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAO) Decreases By 39.0%

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 22,200 shares, a drop of 39.0% from the February 13th total of 36,400 shares. Based on an average daily volume of 52,600 shares, the days-to-cover ratio is currently 0.4 days.

Brighthouse Financial Stock Up 1.3 %

Shares of BHFAO traded up $0.28 during trading hours on Friday, hitting $22.28. The company had a trading volume of 40,564 shares, compared to its average volume of 31,847. Brighthouse Financial has a 52-week low of $20.74 and a 52-week high of $26.00. The stock’s 50 day moving average price is $22.36 and its 200 day moving average price is $23.89.

Brighthouse Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be paid a $0.4219 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.69 annualized dividend and a dividend yield of 7.57%.

Institutional Investors Weigh In On Brighthouse Financial

An institutional investor recently raised its position in Brighthouse Financial stock. PNC Financial Services Group Inc. boosted its holdings in Brighthouse Financial, Inc. (NASDAQ:BHFAO) by 50.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,536 shares of the company’s stock after purchasing an additional 516 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Brighthouse Financial were worth $34,000 as of its most recent SEC filing.

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.