Brighthouse Financial, Inc. (NASDAQ:BHFAL) Sees Large Drop in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 2,031 shares, a decrease of 59.8% from the May 14th total of 5,058 shares. Based on an average daily trading volume, of 23,924 shares, the days-to-cover ratio is currently 0.1 days.

Brighthouse Financial Stock Performance

Shares of NASDAQ BHFAL opened at $15.95 on Friday. Brighthouse Financial has a twelve month low of $15.61 and a twelve month high of $20.52. The company has a 50 day moving average of $16.75 and a 200 day moving average of $17.06.

Brighthouse Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.3906 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.8%.

Brighthouse Financial Company Profile

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.