Brighthouse Financial, Inc. (NASDAQ:BHFAN) Stock Short Interest Falls 71.7%

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 13,104 shares, a drop of 71.7% from the September 30th total of 46,376 shares. Based on an average daily trading volume, of 69,405 shares, the days-to-cover ratio is presently 0.2 days.

Brighthouse Financial Stock Performance

Shares of Brighthouse Financial stock remained flat at $10.35 on Friday. The stock had a trading volume of 42,417 shares, compared to its average volume of 74,031. Brighthouse Financial has a 1-year low of $10.06 and a 1-year high of $14.45. The stock’s fifty day moving average is $11.15 and its 200 day moving average is $12.28.

Brighthouse Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Thursday, September 10th were paid a $0.3359 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.34 dividend on an annualized basis and a yield of 13.0%.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products. The company helps individuals and families address retirement income, wealth transfer, and financial protection needs through products designed to provide guaranteed income, death benefits, and other forms of long-term financial security.

Its offerings include variable, fixed, and registered index-linked annuities, as well as life insurance products such as universal life insurance. Brighthouse distributes its products through financial professionals, independent distribution partners, and other channels serving retirement and insurance customers.

Brighthouse Financial was established as an independent company in 2017 after being separated from MetLife.