Brighthouse Financial, Inc. (NASDAQ:BHFAM) Short Interest Update

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 27,110 shares, an increase of 113.9% from the May 31st total of 12,674 shares. Based on an average daily trading volume, of 24,159 shares, the days-to-cover ratio is presently 1.1 days.

Brighthouse Financial Price Performance

BHFAM opened at $10.52 on Tuesday. The stock’s 50 day moving average price is $11.20 and its 200-day moving average price is $11.52. Brighthouse Financial has a 52-week low of $10.21 and a 52-week high of $14.20.

Brighthouse Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were issued a $0.2891 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.16 annualized dividend and a yield of 11.0%.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc (NASDAQ: BHFAM) is a U.S.-based provider of life insurance and annuity products designed to help individuals and families pursue long-term financial security. The company offers a range of fixed and fixed-indexed annuities, term and permanent life insurance policies, and related income protection solutions. Through its product portfolio, Brighthouse Financial seeks to address the retirement income needs of its clients and deliver predictable cash flows over time.

Established as an independent public company in August 2017 following a spin-off from MetLife, Brighthouse Financial has focused on streamlining operations and narrowing its business scope to core retirement and protection offerings.