Brighthouse Financial, Inc. (NASDAQ:BHFAP) Shares Shorted: Short Interest Down 72.5% in October

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 9,028 shares, a drop of 72.5% from the September 30th total of 32,861 shares. Based on an average daily trading volume, of 34,074 shares, the days-to-cover ratio is presently 0.3 days.

Brighthouse Financial Stock Performance

Brighthouse Financial stock traded down $0.28 during midday trading on Thursday, hitting $12.42. 140,249 shares of the company were exchanged, compared to its average volume of 36,070. The company’s fifty day moving average price is $13.62 and its 200-day moving average price is $15.06. Brighthouse Financial has a fifty-two week low of $12.36 and a fifty-two week high of $17.95.

Brighthouse Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 10th were paid a dividend of $0.4125 per share. The ex-dividend date was Thursday, September 10th. This represents a $1.65 annualized dividend and a dividend yield of 13.3%.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based insurance and retirement services company focused on helping individuals and families achieve financial security. The company primarily provides annuities and life insurance products designed to support income planning, wealth transfer, protection, and other long-term financial needs.

Brighthouse Financial offers a range of annuity products, including fixed, indexed, and variable annuities. Its life insurance portfolio includes products such as term life insurance and permanent life insurance, which may provide death-benefit protection and, depending on the policy, cash-value accumulation.