Brighthouse Financial, Inc. (NASDAQ:BHFAP) Sees Large Growth in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 7,972 shares, a growth of 36.7% from the February 12th total of 5,833 shares. Based on an average daily trading volume, of 62,202 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 62,202 shares, the days-to-cover ratio is currently 0.1 days.

Brighthouse Financial Stock Performance

NASDAQ:BHFAP traded down $0.31 during midday trading on Friday, reaching $15.90. The stock had a trading volume of 19,063 shares, compared to its average volume of 39,638. Brighthouse Financial has a 1-year low of $14.02 and a 1-year high of $21.63. The firm’s fifty day simple moving average is $16.49 and its 200-day simple moving average is $16.28.

Brighthouse Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a yield of 10.4%. The ex-dividend date is Tuesday, March 10th.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based provider of retirement and protection solutions, formed in August 2017 as a spin-off from MetLife, Inc Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families secure their financial futures through a range of insurance and annuity products. Since its inception, Brighthouse Financial has operated independently, building its own brand and capabilities in the quickly evolving retirement-services market.

The company’s core business centers on the design, manufacture and distribution of fixed annuities, fixed indexed annuities and other guaranteed retirement-income products.