Brighthouse Financial, Inc. (NASDAQ:BHFAL) Sees Large Drop in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAL) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 2,031 shares, a drop of 59.8% from the May 14th total of 5,058 shares. Based on an average daily volume of 23,924 shares, the short-interest ratio is presently 0.1 days.

Brighthouse Financial Stock Performance

Shares of BHFAL stock opened at $15.95 on Friday. Brighthouse Financial has a 12 month low of $15.61 and a 12 month high of $20.52. The firm has a fifty day simple moving average of $16.75 and a two-hundred day simple moving average of $17.06.

Brighthouse Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.3906 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.56 annualized dividend and a yield of 9.8%.

About Brighthouse Financial

Brighthouse Financial, which trades under the ticker NASDAQ:BHFAL, is a U.S.-based financial services company that was established in April 2017 through the separation of MetLife’s retail business. The company focuses on helping individuals achieve lifetime financial security by offering a range of retirement income and protection products. Since its spin-off, Brighthouse has operated as an independent, publicly traded entity with a dedicated emphasis on annuities and life insurance solutions.

The company’s core product suite includes fixed and variable annuities designed to provide predictable retirement income, as well as life insurance policies that offer estate planning benefits and death-benefit protection.