Brighthouse Financial, Inc. (NASDAQ:BHFAN) Short Interest Up 103.8% in August

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 31,574 shares, a growth of 103.8% from the July 30th total of 15,493 shares. Based on an average trading volume of 92,330 shares, the days-to-cover ratio is presently 0.3 days.

Brighthouse Financial Price Performance

NASDAQ BHFAN opened at $11.79 on Friday. Brighthouse Financial has a 12 month low of $10.95 and a 12 month high of $15.65. The stock’s fifty day moving average price is $11.65 and its 200-day moving average price is $12.48.

Brighthouse Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be given a dividend of $0.3359 per share. This represents a $1.34 annualized dividend and a yield of 11.4%. The ex-dividend date of this dividend is Thursday, September 10th.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuity and life insurance products that was spun off from MetLife in August 2017. Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families prepare for retirement by offering a range of guaranteed-income solutions. Brighthouse Financial operates as a standalone public company under the ticker BHFAN on the NASDAQ exchange.

The company’s product portfolio includes fixed indexed annuities, fixed deferred annuities and lifetime income solutions designed to deliver predictable retirement cash flows.