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

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 10,605 shares, a drop of 42.4% from the August 15th total of 18,420 shares. Based on an average trading volume of 38,879 shares, the days-to-cover ratio is presently 0.3 days.

Brighthouse Financial Stock Performance

NASDAQ:BHFAO traded up $0.17 during trading hours on Wednesday, reaching $14.07. 8,636 shares of the company were exchanged, compared to its average volume of 40,931. The stock’s 50-day moving average is $14.45 and its 200-day moving average is $15.53. Brighthouse Financial has a twelve month low of $13.74 and a twelve month high of $18.18.

Brighthouse Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.4219 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 12.0%.

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.