Brighthouse Financial, Inc. (NASDAQ:BHFAN) Sees Large Growth in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 64,200 shares, a growth of 137.8% from the March 15th total of 27,000 shares. Based on an average daily volume of 84,800 shares, the days-to-cover ratio is currently 0.8 days.

Brighthouse Financial Stock Down 0.8 %

NASDAQ:BHFAN traded down $0.12 during trading hours on Tuesday, hitting $15.06. 36,925 shares of the company were exchanged, compared to its average volume of 62,008. Brighthouse Financial has a 52-week low of $14.54 and a 52-week high of $21.63. The company’s 50 day moving average price is $16.42 and its 200-day moving average price is $18.26.

Brighthouse Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 10th were issued a dividend of $0.3359 per share. This represents a $1.34 annualized dividend and a yield of 8.92%. The ex-dividend date of this dividend was Monday, March 10th.

About Brighthouse Financial

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment consists of variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.