Brighthouse Financial, Inc. (NASDAQ:BHFAM) Shares Shorted: Short Interest Up 550.7% in September

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 31,538 shares, an increase of 550.7% from the September 15th total of 4,847 shares. Based on an average trading volume of 68,717 shares, the days-to-cover ratio is currently 0.5 days.

Brighthouse Financial Price Performance

NASDAQ:BHFAM traded up $0.01 on Friday, reaching $9.70. 26,550 shares of the company’s stock were exchanged, compared to its average volume of 49,450. The stock has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $10.65. Brighthouse Financial has a 52 week low of $9.45 and a 52 week high of $12.88.

Brighthouse Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 10th were given a dividend of $0.2891 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date was Thursday, September 10th.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-focused provider of annuity and life insurance products designed to help individuals manage retirement income, protect their families and address long-term financial needs. The company operates primarily through its insurance subsidiaries and distributes its products through independent financial professionals, insurance agents, banks and other distribution partners.

Its offerings include fixed, index-linked and variable annuities, as well as life insurance products such as term, universal and variable universal life insurance.