Brighthouse Financial, Inc. (NASDAQ:BHFAO) Short Interest Down 39.0% in February

Brighthouse Financial, Inc. (NASDAQ:BHFAO) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 22,200 shares, a decrease of 39.0% from the February 13th total of 36,400 shares. Based on an average daily volume of 52,600 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Brighthouse Financial stock. PNC Financial Services Group Inc. lifted its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHFAO) by 50.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,536 shares of the company’s stock after acquiring 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 Trading Up 1.3 %

Shares of BHFAO stock opened at $22.28 on Monday. Brighthouse Financial has a 1-year low of $20.74 and a 1-year high of $26.00. The firm’s 50-day simple moving average is $22.36 and its 200-day simple moving average is $23.88.

Brighthouse Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.4219 per share. The ex-dividend date is Monday, March 10th. This represents a $1.69 annualized dividend and a dividend yield of 7.57%.

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.