Brighthouse Financial, Inc. (NASDAQ:BHFAN – Get Free Report) saw a large decline in short interest in July. As of July 31st, there was short interest totalling 7,800 shares, a decline of 22.0% from the July 15th total of 10,000 shares. Based on an average daily trading volume, of 33,200 shares, the days-to-cover ratio is currently 0.2 days.
Brighthouse Financial Price Performance
NASDAQ:BHFAN traded up $0.05 during midday trading on Friday, hitting $18.99. 58,584 shares of the stock were exchanged, compared to its average volume of 37,563. Brighthouse Financial has a one year low of $15.10 and a one year high of $20.85. The business has a 50-day moving average price of $19.21 and a two-hundred day moving average price of $19.38.
Hedge Funds Weigh In On Brighthouse Financial
An institutional investor recently bought a new position in Brighthouse Financial stock. Thompson Investment Management Inc. bought a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHFAN – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,100 shares of the company’s stock, valued at approximately $64,000.
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.
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