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

Brighthouse Financial, Inc. (NASDAQ:BHFAO) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 36,400 shares, a growth of 130.4% from the January 31st total of 15,800 shares. Based on an average trading volume of 52,600 shares, the short-interest ratio is presently 0.7 days.

Brighthouse Financial Stock Down 0.3 %

Shares of NASDAQ BHFAO opened at $22.29 on Friday. Brighthouse Financial has a 12 month low of $20.74 and a 12 month high of $26.00. The business has a fifty day simple moving average of $22.51 and a 200-day simple moving average of $24.12.

Brighthouse Financial Dividend Announcement

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

Hedge Funds Weigh In On Brighthouse Financial

A hedge fund recently raised its stake in Brighthouse Financial stock. PNC Financial Services Group Inc. lifted its holdings in Brighthouse Financial, Inc. (NASDAQ:BHFAO) by 50.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,536 shares of the company’s stock after buying an additional 516 shares during the period. 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.