Brighthouse Financial, Inc. (NASDAQ:BHFAL) Sees Significant Decrease in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,412 shares, a drop of 73.7% from the July 15th total of 5,375 shares. Based on an average daily trading volume, of 21,473 shares, the short-interest ratio is currently 0.1 days.

Brighthouse Financial Price Performance

Shares of BHFAL traded up $0.08 during mid-day trading on Friday, hitting $15.79. The company had a trading volume of 5,883 shares, compared to its average volume of 24,485. The business’s 50-day simple moving average is $15.74 and its 200-day simple moving average is $16.64. Brighthouse Financial has a 1-year low of $14.98 and a 1-year high of $19.75.

Brighthouse Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.3906 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date was Monday, June 1st.

Brighthouse Financial Company Profile

Brighthouse Financial, which trades under the ticker NASDAQ:BHFAL, is a U.S.-based financial services company that was established in April 2017 through the separation of MetLife’s retail business. The company focuses on helping individuals achieve lifetime financial security by offering a range of retirement income and protection products. Since its spin-off, Brighthouse has operated as an independent, publicly traded entity with a dedicated emphasis on annuities and life insurance solutions.

The company’s core product suite includes fixed and variable annuities designed to provide predictable retirement income, as well as life insurance policies that offer estate planning benefits and death-benefit protection.