Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAL) Expands By 234.5%

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,058 shares, an increase of 234.5% from the April 30th total of 1,512 shares. Based on an average daily volume of 17,996 shares, the days-to-cover ratio is presently 0.3 days.

Brighthouse Financial Trading Down 0.6%

BHFAL stock traded down $0.10 during midday trading on Friday, reaching $16.46. 80,803 shares of the company were exchanged, compared to its average volume of 24,618. The business has a 50-day moving average price of $16.87 and a two-hundred day moving average price of $17.16. Brighthouse Financial has a one year low of $16.15 and a one year high of $21.08.

Brighthouse Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.3906 per share. This represents a $1.56 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend is Monday, June 1st.

About Brighthouse Financial

Brighthouse Financial, which trades under the ticker NASDAQ:BHFAL, is a U.S.-based financial services company that was established in April 2017 through the separation of MetLife’s retail business. The company focuses on helping individuals achieve lifetime financial security by offering a range of retirement income and protection products. Since its spin-off, Brighthouse has operated as an independent, publicly traded entity with a dedicated emphasis on annuities and life insurance solutions.

The company’s core product suite includes fixed and variable annuities designed to provide predictable retirement income, as well as life insurance policies that offer estate planning benefits and death-benefit protection.