Brighthouse Financial, Inc. (NASDAQ:BHFAL) Short Interest Up 22.9% in November

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 138,100 shares, a growth of 22.9% from the November 15th total of 112,400 shares. Based on an average daily volume of 23,200 shares, the days-to-cover ratio is currently 6.0 days.

Institutional Investors Weigh In On Brighthouse Financial

An institutional investor recently raised its position in Brighthouse Financial stock. Crossmark Global Holdings Inc. lifted its position in Brighthouse Financial, Inc. (NASDAQ:BHFAL) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,176 shares of the company’s stock after buying an additional 3,241 shares during the period. Crossmark Global Holdings Inc.’s holdings in Brighthouse Financial were worth $5,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Brighthouse Financial Price Performance

BHFAL traded down $0.35 during midday trading on Friday, hitting $24.15. 13,610 shares of the company traded hands, compared to its average volume of 22,703. The company’s 50-day moving average is $24.67 and its 200 day moving average is $23.68. Brighthouse Financial has a 52 week low of $21.27 and a 52 week high of $25.47.

Brighthouse Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Sunday, December 1st will be given a dividend of $0.3906 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.56 dividend on an annualized basis and a yield of 6.47%.

About Brighthouse Financial

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.