Brighthouse Financial, Inc. (NASDAQ:BHFAM) Stock Short Interest Declines 73.2%

Brighthouse Financial, Inc. (NASDAQ:BHFAM) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 4,847 shares, a decline of 73.2% from the August 31st total of 18,064 shares. Based on an average daily volume of 57,811 shares, the short-interest ratio is presently 0.1 days.

Brighthouse Financial Price Performance

Shares of BHFAM opened at $10.49 on Friday. Brighthouse Financial has a 1-year low of $9.45 and a 1-year high of $12.88. The business’s 50-day moving average price is $9.96 and its 200 day moving average price is $10.75.

Brighthouse Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 10th were given a $0.2891 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend was Thursday, September 10th.

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.