Brighthouse Financial, Inc. (NASDAQ:BHFAM) Short Interest Down 85.9% in August

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 1,206 shares, a decrease of 85.9% from the July 30th total of 8,548 shares. Based on an average daily trading volume, of 45,588 shares, the days-to-cover ratio is presently 0.0 days.

Brighthouse Financial Stock Down 0.2%

BHFAM stock traded down $0.02 during mid-day trading on Thursday, reaching $10.18. The company’s stock had a trading volume of 45,575 shares, compared to its average volume of 47,104. The company’s 50 day moving average is $10.21 and its two-hundred day moving average is $11.09. Brighthouse Financial has a fifty-two week low of $9.45 and a fifty-two week high of $14.20.

Brighthouse Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.2891 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.16 dividend on an annualized basis and a yield of 11.4%.

About Brighthouse Financial

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.