Brighthouse Financial, Inc. (NASDAQ:BHFAP) Sees Significant Growth in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,573 shares, an increase of 156.1% from the April 30th total of 2,176 shares. Based on an average daily volume of 20,267 shares, the short-interest ratio is presently 0.3 days.

Brighthouse Financial Stock Performance

BHFAP stock traded down $0.23 during trading on Friday, hitting $15.17. The company had a trading volume of 88,653 shares, compared to its average volume of 34,763. The business has a 50-day moving average of $15.78 and a 200-day moving average of $16.01. Brighthouse Financial has a one year low of $14.02 and a one year high of $21.40.

Brighthouse Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be given a $0.4125 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 10.9%.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of retirement and protection solutions, formed in August 2017 as a spin-off from MetLife, Inc Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families secure their financial futures through a range of insurance and annuity products. Since its inception, Brighthouse Financial has operated independently, building its own brand and capabilities in the quickly evolving retirement-services market.

The company’s core business centers on the design, manufacture and distribution of fixed annuities, fixed indexed annuities and other guaranteed retirement-income products.