Brighthouse Financial, Inc. (NASDAQ:BHFAO) Sees Large Increase in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the recipient of a large increase in short interest during the month of 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 short-interest ratio is currently 0.3 days.

Brighthouse Financial Stock Down 2.5%

Shares of NASDAQ:BHFAO opened at $20.81 on Thursday. Brighthouse Financial has a fifty-two week low of $18.53 and a fifty-two week high of $26.00. The firm’s 50-day simple moving average is $19.92 and its 200-day simple moving average is $21.67.

Brighthouse Financial Announces Dividend

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

Institutional Trading of Brighthouse Financial

An institutional investor recently raised its position in Brighthouse Financial stock. PNC Financial Services Group Inc. boosted its position in Brighthouse Financial, Inc. (NASDAQ:BHFAO) by 50.6% in 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 purchasing 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.

Brighthouse Financial Company Profile

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.