Brighthouse Financial, Inc. (NASDAQ:BHFAL) Sees Significant Decline in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 3,100 shares, a decrease of 63.1% from the May 31st total of 8,400 shares. Based on an average trading volume of 22,100 shares, the days-to-cover ratio is currently 0.1 days.

Brighthouse Financial Price Performance

Brighthouse Financial stock opened at $22.42 on Friday. The company’s 50-day moving average price is $22.45 and its two-hundred day moving average price is $22.57. Brighthouse Financial has a twelve month low of $19.10 and a twelve month high of $24.25.

Brighthouse Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Saturday, June 1st were given a dividend of $0.3906 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.97%.

Institutional Inflows and Outflows

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

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.