Brighthouse Financial, Inc. (NASDAQ:BHFAP) Short Interest Update

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 58,111 shares, a growth of 438.9% from the August 15th total of 10,784 shares. Based on an average daily volume of 50,811 shares, the short-interest ratio is currently 1.1 days.

Brighthouse Financial Trading Down 0.1%

Shares of Brighthouse Financial stock traded down $0.01 during trading hours on Friday, reaching $13.75. 27,911 shares of the stock traded hands, compared to its average volume of 34,876. Brighthouse Financial has a one year low of $13.44 and a one year high of $17.95. The company has a 50 day moving average price of $14.13 and a 200 day moving average price of $15.15.

Brighthouse Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be given a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 12.0%. The ex-dividend date is Thursday, September 10th.

About Brighthouse Financial

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.