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

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a large growth in short interest in 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 trading volume, of 23,200 shares, the short-interest ratio is presently 6.0 days.

Brighthouse Financial Stock Down 1.4 %

Shares of NASDAQ BHFAL traded down $0.35 during trading hours on Friday, hitting $24.15. The company’s stock had a trading volume of 13,610 shares, compared to its average volume of 22,703. The business has a 50-day simple moving average of $24.67 and a 200-day simple moving average of $23.66. Brighthouse Financial has a 12 month low of $21.27 and a 12 month high of $25.47.

Brighthouse Financial Announces Dividend

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

Institutional Trading of Brighthouse Financial

An institutional investor recently raised its position in Brighthouse Financial stock. Crossmark Global Holdings Inc. boosted its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHFAL) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

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.