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

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 4,847 shares, a decrease of 73.2% from the August 31st total of 18,064 shares. Based on an average daily trading volume, of 57,811 shares, the short-interest ratio is presently 0.1 days.

Brighthouse Financial Price Performance

Shares of NASDAQ BHFAM opened at $10.49 on Friday. Brighthouse Financial has a 52-week low of $9.45 and a 52-week high of $12.88. The business has a fifty day moving average of $9.96 and a two-hundred day moving average of $10.75.

Brighthouse Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 10th were paid a $0.2891 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.0%.

Brighthouse Financial Company Profile

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.