Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAO) Drops By 80.6%

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 12,771 shares, a drop of 80.6% from the May 14th total of 65,681 shares. Based on an average daily trading volume, of 39,674 shares, the days-to-cover ratio is presently 0.3 days.

Brighthouse Financial Stock Performance

NASDAQ BHFAO opened at $15.66 on Wednesday. The business has a 50 day simple moving average of $16.37 and a two-hundred day simple moving average of $16.42. Brighthouse Financial has a 1-year low of $14.19 and a 1-year high of $21.82.

Brighthouse Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a yield of 10.8%. The ex-dividend date is Wednesday, June 10th.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products focused on helping individuals secure retirement income and long-term financial protection. Established in August 2017 as a corporate spin-off from MetLife, Brighthouse offers a range of solutions designed to address market volatility, longevity risk and the need for guaranteed income streams. The company’s product portfolio includes fixed annuities, fixed indexed annuities, variable annuities and life insurance policies.

The company distributes its products through a network of independent broker-dealers, banks, registered investment advisers and career agents.