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

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 7,643 shares, a drop of 69.5% from the June 30th total of 25,020 shares. Based on an average daily volume of 25,600 shares, the days-to-cover ratio is presently 0.3 days.

Brighthouse Financial Stock Performance

Shares of BHFAP stock opened at $13.82 on Friday. The company has a 50 day moving average price of $14.94 and a 200 day moving average price of $15.75. Brighthouse Financial has a fifty-two week low of $13.44 and a fifty-two week high of $18.70.

Brighthouse Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were given a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 11.9%. The ex-dividend date of this dividend was Wednesday, June 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.