Brighthouse Financial, Inc. (NASDAQ:BHFAL) Short Interest Update

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 31,800 shares, a growth of 162.8% from the March 31st total of 12,100 shares. Based on an average trading volume of 24,200 shares, the short-interest ratio is currently 1.3 days.

Brighthouse Financial Stock Down 1.3 %

Brighthouse Financial stock opened at $22.60 on Friday. Brighthouse Financial has a 1-year low of $19.10 and a 1-year high of $24.25. The firm’s 50 day simple moving average is $23.07 and its 200 day simple moving average is $22.09.

Brighthouse Financial Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.3906 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.56 dividend on an annualized basis and a yield of 6.91%.

Hedge Funds Weigh In On Brighthouse Financial

An institutional investor recently bought a new position in Brighthouse Financial stock. Thompson Investment Management Inc. purchased a new position in Brighthouse Financial, Inc. (NASDAQ:BHFAL) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,000 shares of the company’s stock, valued at approximately $46,000.

Brighthouse Financial Company Profile

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.