Brighthouse Financial, Inc. (NASDAQ:BHFAN) Sees Significant Decrease in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 7,800 shares, a drop of 22.0% from the July 15th total of 10,000 shares. Based on an average daily volume of 33,200 shares, the short-interest ratio is presently 0.2 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 bought a new stake in Brighthouse Financial, Inc. (NASDAQ:BHFAN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,500 shares of the company’s stock, valued at approximately $28,000.

Brighthouse Financial Stock Performance

Brighthouse Financial stock traded up $0.05 during mid-day trading on Friday, reaching $18.99. The company had a trading volume of 58,584 shares, compared to its average volume of 37,563. The business has a fifty day simple moving average of $19.21 and a 200 day simple moving average of $19.38. Brighthouse Financial has a fifty-two week low of $15.10 and a fifty-two week high of $20.85.

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.