Brighthouse Financial, Inc. (NASDAQ:BHFAO) Sees Large Decrease in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 10,605 shares, a drop of 42.4% from the August 15th total of 18,420 shares. Based on an average daily trading volume, of 38,879 shares, the short-interest ratio is currently 0.3 days.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHFAO traded up $0.17 during trading on Wednesday, hitting $14.07. 8,636 shares of the stock traded hands, compared to its average volume of 40,931. The company has a fifty day moving average price of $14.45 and a two-hundred day moving average price of $15.53. Brighthouse Financial has a 52-week low of $13.74 and a 52-week high of $18.18.

Brighthouse Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend is Thursday, September 10th.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products focused on helping individuals secure retirement income and long-term financial protection. Established in August 2017 as a corporate spin-off from MetLife, Brighthouse offers a range of solutions designed to address market volatility, longevity risk and the need for guaranteed income streams. The company’s product portfolio includes fixed annuities, fixed indexed annuities, variable annuities and life insurance policies.

The company distributes its products through a network of independent broker-dealers, banks, registered investment advisers and career agents.