Brighthouse Financial, Inc. (NASDAQ:BHFAM) Short Interest Up 204.4% in May

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 12,674 shares, a growth of 204.4% from the May 14th total of 4,164 shares. Based on an average trading volume of 34,910 shares, the short-interest ratio is currently 0.4 days.

Brighthouse Financial Stock Performance

Shares of BHFAM stock opened at $10.83 on Friday. Brighthouse Financial has a fifty-two week low of $10.21 and a fifty-two week high of $14.86. The stock’s 50-day simple moving average is $11.45 and its 200-day simple moving average is $11.59.

Brighthouse Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.2891 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.7%.

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.