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

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 4,104 shares, a drop of 49.6% from the April 15th total of 8,135 shares. Based on an average trading volume of 14,925 shares, the days-to-cover ratio is presently 0.3 days.

Brighthouse Financial Stock Performance

Shares of Brighthouse Financial stock opened at $11.54 on Monday. The company’s fifty day simple moving average is $11.55 and its 200-day simple moving average is $11.68. Brighthouse Financial has a 1-year low of $10.21 and a 1-year high of $15.66.

Brighthouse Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.2891 per share. This represents a $1.16 annualized dividend and a dividend yield of 10.0%. The ex-dividend date is Wednesday, June 10th.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc (NASDAQ: BHFAM) is a U.S.-based provider of life insurance and annuity products designed to help individuals and families pursue long-term financial security. The company offers a range of fixed and fixed-indexed annuities, term and permanent life insurance policies, and related income protection solutions. Through its product portfolio, Brighthouse Financial seeks to address the retirement income needs of its clients and deliver predictable cash flows over time.

Established as an independent public company in August 2017 following a spin-off from MetLife, Brighthouse Financial has focused on streamlining operations and narrowing its business scope to core retirement and protection offerings.