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

Brighthouse Financial, Inc. (NASDAQ:BHFAOGet Free Report) was the recipient of 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 days-to-cover ratio is currently 0.4 days.

Brighthouse Financial Price Performance

BHFAO opened at $22.28 on Monday. The firm has a 50 day moving average price of $22.36 and a 200 day moving average price of $23.88. Brighthouse Financial has a 1 year low of $20.74 and a 1 year high of $26.00.

Brighthouse Financial Announces Dividend

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

Institutional Trading of Brighthouse Financial

An institutional investor recently raised its position in Brighthouse Financial stock. PNC Financial Services Group Inc. raised its position in Brighthouse Financial, Inc. (NASDAQ:BHFAOFree Report) by 50.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,536 shares of the company’s stock after acquiring an additional 516 shares during the quarter. 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

(Get Free Report)

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.

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