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

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 58,111 shares, a growth of 438.9% from the August 15th total of 10,784 shares. Based on an average daily trading volume, of 50,811 shares, the days-to-cover ratio is currently 1.1 days.

Brighthouse Financial Stock Performance

Shares of BHFAP stock traded down $0.01 on Friday, reaching $13.75. The company had a trading volume of 9,510 shares, compared to its average volume of 34,770. The company has a 50-day moving average of $14.15 and a 200-day moving average of $15.16. Brighthouse Financial has a 12 month low of $13.44 and a 12 month high of $17.95.

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 issued a $0.4125 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.65 annualized dividend and a yield of 12.0%.

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.