Brighthouse Financial, Inc. (NASDAQ:BHFAM) Sees Significant Growth in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAM) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 12,674 shares, an increase of 204.4% from the May 14th total of 4,164 shares. Based on an average daily trading volume, of 34,910 shares, the short-interest ratio is presently 0.4 days.

Brighthouse Financial Price Performance

NASDAQ BHFAM traded up $0.03 during trading on Friday, hitting $10.83. 12,779 shares of the company traded hands, compared to its average volume of 37,296. Brighthouse Financial has a 12 month low of $10.21 and a 12 month high of $14.86. The business has a fifty day simple moving average of $11.45 and a 200 day simple moving average of $11.59.

Brighthouse Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be paid a $0.2891 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.7%.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc (NASDAQ: BHFAM) is a U.S.-based provider of life insurance and annuity products designed to help individuals and families pursue long-term financial security. The company offers a range of fixed and fixed-indexed annuities, term and permanent life insurance policies, and related income protection solutions. Through its product portfolio, Brighthouse Financial seeks to address the retirement income needs of its clients and deliver predictable cash flows over time.

Established as an independent public company in August 2017 following a spin-off from MetLife, Brighthouse Financial has focused on streamlining operations and narrowing its business scope to core retirement and protection offerings.