Brighthouse Financial, Inc. (NASDAQ:BHFAL) Sees Significant Decrease in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAL) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 2,031 shares, a decrease of 59.8% from the May 14th total of 5,058 shares. Based on an average trading volume of 23,924 shares, the days-to-cover ratio is currently 0.1 days.

Brighthouse Financial Stock Performance

NASDAQ:BHFAL traded down $0.01 on Friday, hitting $15.96. 20,314 shares of the stock were exchanged, compared to its average volume of 24,135. The stock has a fifty day moving average of $16.73 and a 200-day moving average of $17.05. Brighthouse Financial has a fifty-two week low of $15.61 and a fifty-two week high of $20.52.

Brighthouse Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.3906 per share. The ex-dividend date is Monday, June 1st. This represents a $1.56 annualized dividend and a yield of 9.8%.

About Brighthouse Financial

Brighthouse Financial, which trades under the ticker NASDAQ:BHFAL, is a U.S.-based financial services company that was established in April 2017 through the separation of MetLife’s retail business. The company focuses on helping individuals achieve lifetime financial security by offering a range of retirement income and protection products. Since its spin-off, Brighthouse has operated as an independent, publicly traded entity with a dedicated emphasis on annuities and life insurance solutions.

The company’s core product suite includes fixed and variable annuities designed to provide predictable retirement income, as well as life insurance policies that offer estate planning benefits and death-benefit protection.