Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAO) Expands By 39.3%

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 18,693 shares, an increase of 39.3% from the March 15th total of 13,418 shares. Based on an average daily trading volume, of 44,664 shares, the days-to-cover ratio is currently 0.4 days.

Brighthouse Financial Price Performance

Shares of Brighthouse Financial stock opened at $16.98 on Wednesday. Brighthouse Financial has a one year low of $14.19 and a one year high of $21.94. The business has a 50-day simple moving average of $16.66 and a 200-day simple moving average of $16.40.

Brighthouse Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.4219 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 9.9%.

Brighthouse Financial Company Profile

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.