Brighthouse Financial, Inc. (NASDAQ:BHFAN) Short Interest Down 22.0% in July

Brighthouse Financial, Inc. (NASDAQ:BHFAN) 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) 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.