Brighthouse Financial, Inc. (NASDAQ:BHFAN) Sees Large Decline in Short Interest

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

Brighthouse Financial Stock Up 0.5%

Shares of NASDAQ:BHFAN traded up $0.05 on Wednesday, hitting $10.53. The company had a trading volume of 8,732 shares, compared to its average volume of 73,865. The business has a 50 day moving average of $11.18 and a 200 day moving average of $12.31. Brighthouse Financial has a 52-week low of $10.06 and a 52-week high of $14.45.

Brighthouse Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Thursday, September 10th were paid a dividend of $0.3359 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.34 annualized dividend and a dividend yield of 12.8%.

Brighthouse Financial Company Profile

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.