Brighthouse Financial, Inc. (NASDAQ:BHFAP) Short Interest Update

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 58,111 shares, an increase of 438.9% from the August 15th total of 10,784 shares. Based on an average trading volume of 50,811 shares, the short-interest ratio is presently 1.1 days.

Brighthouse Financial Price Performance

BHFAP stock traded down $0.01 during midday trading on Friday, reaching $13.75. The stock had a trading volume of 9,510 shares, compared to its average volume of 34,770. Brighthouse Financial has a twelve month low of $13.44 and a twelve month high of $17.95. The business has a fifty day simple moving average of $14.15 and a two-hundred day simple moving average of $15.16.

Brighthouse Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be paid a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend is Thursday, September 10th.

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.