Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAO) Declines By 39.0%

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

Brighthouse Financial Price Performance

Shares of NASDAQ:BHFAO traded up $0.28 during midday trading on Friday, hitting $22.28. 40,564 shares of the stock were exchanged, compared to its average volume of 31,792. Brighthouse Financial has a 52-week low of $20.74 and a 52-week high of $26.00. The business’s fifty day simple moving average is $22.36 and its two-hundred day simple moving average is $23.89.

Brighthouse Financial Announces Dividend

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

Institutional Trading of Brighthouse Financial

An institutional investor recently raised its position in Brighthouse Financial stock. PNC Financial Services Group Inc. raised 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,536 shares of the company’s stock after buying an additional 516 shares during the period. PNC Financial Services Group Inc.’s holdings in Brighthouse Financial were worth $34,000 at the end of the most recent quarter.

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.