Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAM) Expands By 113.9%

Brighthouse Financial, Inc. (NASDAQ:BHFAM) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 27,110 shares, an increase of 113.9% from the May 31st total of 12,674 shares. Based on an average daily volume of 24,159 shares, the days-to-cover ratio is presently 1.1 days.

Brighthouse Financial Stock Performance

NASDAQ BHFAM opened at $10.52 on Tuesday. The stock’s 50 day moving average is $11.20 and its 200 day moving average is $11.52. Brighthouse Financial has a twelve month low of $10.21 and a twelve month high of $14.20.

Brighthouse Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were given a dividend of $0.2891 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.16 annualized dividend and a yield of 11.0%.

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.