Brighthouse Financial, Inc. (NASDAQ:BHFAN) Shares Shorted: Short Interest Down 71.7% in October

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 13,104 shares, a decline of 71.7% from the September 30th total of 46,376 shares. Based on an average daily volume of 69,405 shares, the short-interest ratio is presently 0.2 days.

Brighthouse Financial Stock Performance

Shares of BHFAN traded down $0.14 during mid-day trading on Thursday, reaching $10.35. 91,574 shares of the company’s stock were exchanged, compared to its average volume of 74,219. The business’s fifty day simple moving average is $11.17 and its 200-day simple moving average is $12.29. Brighthouse Financial has a 52-week low of $10.06 and a 52-week high of $14.45.

Brighthouse Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 10th were issued a $0.3359 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 13.0%.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products. The company helps individuals and families address retirement income, wealth transfer, and financial protection needs through products designed to provide guaranteed income, death benefits, and other forms of long-term financial security.

Its offerings include variable, fixed, and registered index-linked annuities, as well as life insurance products such as universal life insurance. Brighthouse distributes its products through financial professionals, independent distribution partners, and other channels serving retirement and insurance customers.

Brighthouse Financial was established as an independent company in 2017 after being separated from MetLife.