Brighthouse Financial, Inc. (NASDAQ:BHFAL) Short Interest Down 59.8% in May

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

Brighthouse Financial Price Performance

Shares of NASDAQ BHFAL traded down $0.01 during mid-day trading on Friday, reaching $15.96. 20,314 shares of the company traded hands, compared to its average volume of 24,135. Brighthouse Financial has a fifty-two week low of $15.61 and a fifty-two week high of $20.52. The stock has a fifty day simple moving average of $16.73 and a 200-day simple moving average of $17.05.

Brighthouse Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.3906 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date 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.