Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAO) Decreases By 42.4%

Brighthouse Financial, Inc. (NASDAQ:BHFAO) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 10,605 shares, a decrease of 42.4% from the August 15th total of 18,420 shares. Based on an average daily trading volume, of 38,879 shares, the days-to-cover ratio is presently 0.3 days.

Brighthouse Financial Price Performance

Shares of BHFAO opened at $13.91 on Friday. Brighthouse Financial has a twelve month low of $13.74 and a twelve month high of $18.18. The firm has a fifty day simple moving average of $14.40 and a two-hundred day simple moving average of $15.49.

Brighthouse Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date is Thursday, September 10th.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products focused on helping individuals secure retirement income and long-term financial protection. Established in August 2017 as a corporate spin-off from MetLife, Brighthouse offers a range of solutions designed to address market volatility, longevity risk and the need for guaranteed income streams. The company’s product portfolio includes fixed annuities, fixed indexed annuities, variable annuities and life insurance policies.

The company distributes its products through a network of independent broker-dealers, banks, registered investment advisers and career agents.