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

Brighthouse Financial, Inc. (NASDAQ:BHFAO) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 19,336 shares, an increase of 29.0% from the February 12th total of 14,992 shares. Based on an average daily volume of 87,505 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 87,505 shares, the days-to-cover ratio is currently 0.2 days.

Brighthouse Financial Stock Performance

NASDAQ BHFAO opened at $16.23 on Friday. Brighthouse Financial has a twelve month low of $14.19 and a twelve month high of $22.40. The stock has a fifty day simple moving average of $16.90 and a 200 day simple moving average of $16.61.

Brighthouse Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th will be paid a $0.4219 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.69 annualized dividend and a dividend yield of 10.4%.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products focused on helping individuals secure retirement income and long-term financial protection. Established in August 2017 as a corporate spin-off from MetLife, Brighthouse offers a range of solutions designed to address market volatility, longevity risk and the need for guaranteed income streams. The company’s product portfolio includes fixed annuities, fixed indexed annuities, variable annuities and life insurance policies.

The company distributes its products through a network of independent broker-dealers, banks, registered investment advisers and career agents.