Brighthouse Financial, Inc. (NASDAQ:BHFAM) Sees Large Increase in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 8,700 shares, a growth of 33.8% from the November 30th total of 6,500 shares. Based on an average trading volume of 37,700 shares, the days-to-cover ratio is presently 0.2 days.

Brighthouse Financial Stock Performance

Shares of BHFAM traded down $0.04 during trading hours on Friday, reaching $15.83. The company had a trading volume of 64,375 shares, compared to its average volume of 35,706. Brighthouse Financial has a 12-month low of $15.05 and a 12-month high of $18.95. The firm has a 50 day simple moving average of $16.96 and a 200-day simple moving average of $17.06.

Brighthouse Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.2891 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.30%.

Brighthouse Financial Company Profile

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.