Brighthouse Financial, Inc. (NASDAQ:BHFAN) Short Interest Down 69.9% in June

Posted by Brian Wu on Jun 29th, 2024

Brighthouse Financial, Inc. (NASDAQ:BHFAN – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 13,200 shares, a decrease of 69.9% from the May 31st total of 43,800 shares. Based on an average trading volume of 34,100 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Brighthouse Financial

An institutional investor recently bought a new position in Brighthouse Financial stock. OLD Point Trust & Financial Services N A purchased a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHFAN – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,500 shares of the company’s stock, valued at approximately $28,000.

Brighthouse Financial Price Performance

Shares of NASDAQ BHFAN traded down $0.48 during mid-day trading on Friday, hitting $19.32. The stock had a trading volume of 17,273 shares, compared to its average volume of 38,088. The company has a 50 day moving average of $19.05 and a two-hundred day moving average of $19.25. Brighthouse Financial has a twelve month low of $15.10 and a twelve month high of $20.85.

Brighthouse Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Monday, June 10th were given a $0.3359 dividend. This represents a $1.34 annualized dividend and a dividend yield of 6.96%. The ex-dividend date of this dividend was Monday, June 10th.

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.