Brighthouse Financial, Inc. (NASDAQ:BHFAP) Sees Significant Decrease in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 2,176 shares, a decrease of 84.4% from the April 15th total of 13,992 shares. Based on an average daily trading volume, of 38,102 shares, the days-to-cover ratio is currently 0.1 days.

Brighthouse Financial Stock Down 0.2%

BHFAP traded down $0.03 during midday trading on Wednesday, hitting $15.91. The stock had a trading volume of 16,017 shares, compared to its average volume of 35,089. The business has a fifty day moving average of $15.92 and a 200 day moving average of $16.03. Brighthouse Financial has a 1 year low of $14.02 and a 1 year high of $21.40.

Brighthouse Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th were paid a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend was Tuesday, March 10th.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based provider of retirement and protection solutions, formed in August 2017 as a spin-off from MetLife, Inc Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families secure their financial futures through a range of insurance and annuity products. Since its inception, Brighthouse Financial has operated independently, building its own brand and capabilities in the quickly evolving retirement-services market.

The company’s core business centers on the design, manufacture and distribution of fixed annuities, fixed indexed annuities and other guaranteed retirement-income products.