Brighthouse Financial, Inc. (NASDAQ:BHFAP) Sees Large Growth in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 16,849 shares, a growth of 193.4% from the May 31st total of 5,743 shares. Based on an average trading volume of 24,697 shares, the short-interest ratio is currently 0.7 days.

Brighthouse Financial Stock Performance

BHFAP stock traded up $0.07 on Monday, reaching $14.65. The company’s stock had a trading volume of 20,629 shares, compared to its average volume of 33,325. Brighthouse Financial has a 52 week low of $14.02 and a 52 week high of $19.18. The firm has a fifty day moving average of $15.53 and a two-hundred day moving average of $15.84.

Brighthouse Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were issued a $0.4125 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.65 annualized dividend and a dividend yield of 11.3%.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of retirement and protection solutions, formed in August 2017 as a spin-off from MetLife, Inc Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families secure their financial futures through a range of insurance and annuity products. Since its inception, Brighthouse Financial has operated independently, building its own brand and capabilities in the quickly evolving retirement-services market.

The company’s core business centers on the design, manufacture and distribution of fixed annuities, fixed indexed annuities and other guaranteed retirement-income products.