Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAL) Increases By 36.4%

Posted by Mitch Edgeman on Dec 30th, 2024

Brighthouse Financial, Inc. (NASDAQ:BHFAL – Get Free Report) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 188,400 shares, a growth of 36.4% from the November 30th total of 138,100 shares. Based on an average trading volume of 23,600 shares, the days-to-cover ratio is currently 8.0 days.

Hedge Funds Weigh In On Brighthouse Financial

An institutional investor recently raised its position in Brighthouse Financial stock. Crossmark Global Holdings Inc. increased its stake in Brighthouse Financial, Inc. (NASDAQ:BHFAL – Free Report) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Brighthouse Financial Stock Down 2.5 %

Shares of BHFAL traded down $0.59 during mid-day trading on Friday, hitting $23.43. 39,505 shares of the company’s stock were exchanged, compared to its average volume of 22,826. The stock’s 50-day moving average is $24.49 and its 200-day moving average is $23.81. Brighthouse Financial has a fifty-two week low of $21.40 and a fifty-two week high of $25.47.

Brighthouse Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Sunday, December 1st were issued a dividend of $0.3906 per share. The ex-dividend date was Friday, November 29th. This represents a $1.56 dividend on an annualized basis and a yield of 6.67%.

About Brighthouse Financial

(Get Free Report)

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.