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

Brighthouse Financial, Inc. (NASDAQ:BHFAM) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 1,206 shares, a decline of 85.9% from the July 30th total of 8,548 shares. Based on an average daily volume of 45,588 shares, the short-interest ratio is presently 0.0 days.

Brighthouse Financial Stock Performance

Brighthouse Financial stock opened at $10.29 on Wednesday. Brighthouse Financial has a twelve month low of $9.45 and a twelve month high of $14.20. The company’s 50-day moving average price is $10.22 and its 200-day moving average price is $11.10.

Brighthouse Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be issued a $0.2891 dividend. This represents a $1.16 annualized dividend and a dividend yield of 11.2%. The ex-dividend date is 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.