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

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 5,573 shares, an increase of 156.1% from the April 30th total of 2,176 shares. Based on an average trading volume of 20,267 shares, the days-to-cover ratio is currently 0.3 days.

Brighthouse Financial Stock Performance

Shares of NASDAQ:BHFAP traded down $0.23 during midday trading on Friday, hitting $15.17. 88,653 shares of the stock were exchanged, compared to its average volume of 34,763. The business’s 50-day moving average price is $15.78 and its 200 day moving average price is $16.01. Brighthouse Financial has a 12 month low of $14.02 and a 12 month high of $21.40.

Brighthouse Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a dividend yield of 10.9%. The ex-dividend date is Wednesday, June 10th.

About Brighthouse Financial

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.