Brighthouse Financial, Inc. (NASDAQ:BHFAO) Short Interest Up 246.7% in May

Brighthouse Financial, Inc. (NASDAQ:BHFAO) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 15,600 shares, an increase of 246.7% from the May 15th total of 4,500 shares. Based on an average daily trading volume, of 44,600 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Brighthouse Financial

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

Brighthouse Financial Stock Down 2.5%

BHFAO stock opened at $20.81 on Thursday. The business’s 50-day moving average is $19.92 and its two-hundred day moving average is $21.67. Brighthouse Financial has a 1 year low of $18.53 and a 1 year high of $26.00.

Brighthouse Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th will be issued a $0.4219 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 8.11%.

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.