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

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 14,070 shares, an increase of 190.7% from the June 15th total of 4,840 shares. Based on an average daily volume of 29,398 shares, the days-to-cover ratio is currently 0.5 days.

Brighthouse Financial Stock Performance

Shares of BHFAL traded down $0.02 during trading on Monday, reaching $15.93. The company’s stock had a trading volume of 13,531 shares, compared to its average volume of 24,545. The company has a fifty day moving average of $16.22 and a two-hundred day moving average of $16.90. Brighthouse Financial has a twelve month low of $15.13 and a twelve month high of $19.75.

Brighthouse Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors 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 9.8%. The ex-dividend date 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.