Brighthouse Financial, Inc. (NASDAQ:BHFAL) Sees Large Increase in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 4,840 shares, a growth of 138.3% from the May 31st total of 2,031 shares. Based on an average daily trading volume, of 19,651 shares, the short-interest ratio is currently 0.2 days.

Brighthouse Financial Stock Performance

BHFAL traded up $0.04 during trading on Wednesday, reaching $15.71. 5,657 shares of the stock traded hands, compared to its average volume of 24,488. The stock’s 50-day moving average is $16.41 and its 200 day moving average is $16.96. Brighthouse Financial has a 12 month low of $15.13 and a 12 month high of $19.75.

Brighthouse Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.3906 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date of this dividend was Monday, June 1st.

Brighthouse Financial Company Profile

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.