Brighthouse Financial, Inc. (NASDAQ:BHFAN) Short Interest Up 61.9% in March

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 68,500 shares, a growth of 61.9% from the March 15th total of 42,300 shares. Based on an average trading volume of 43,300 shares, the short-interest ratio is presently 1.6 days.

Institutional Trading of Brighthouse Financial

A hedge fund recently bought a new stake in Brighthouse Financial stock. OLD Point Trust & Financial Services N A purchased a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHFAN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,500 shares of the company’s stock, valued at approximately $28,000.

Brighthouse Financial Price Performance

Brighthouse Financial stock opened at $18.96 on Friday. Brighthouse Financial has a twelve month low of $14.62 and a twelve month high of $20.85. The firm has a 50 day moving average price of $19.83 and a 200-day moving average price of $18.36.

Brighthouse Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Sunday, March 10th were paid a dividend of $0.3359 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date was Thursday, March 7th.

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.