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

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 1,412 shares, a decline of 73.7% from the July 15th total of 5,375 shares. Based on an average trading volume of 21,473 shares, the days-to-cover ratio is presently 0.1 days.

Brighthouse Financial Stock Up 0.5%

NASDAQ BHFAL traded up $0.08 during trading hours on Friday, reaching $15.79. 24,221 shares of the company’s stock were exchanged, compared to its average volume of 24,621. Brighthouse Financial has a one year low of $14.98 and a one year high of $19.75. The firm has a fifty day moving average of $15.74 and a 200-day moving average of $16.63.

Brighthouse Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.3906 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.56 dividend on an annualized basis and a yield of 9.9%.

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.