Brighthouse Financial, Inc. (NASDAQ:BHFAP) Sees Large Drop in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 13,600 shares, a drop of 46.2% from the February 13th total of 25,300 shares. Based on an average daily trading volume, of 46,900 shares, the days-to-cover ratio is currently 0.3 days.

Brighthouse Financial Stock Performance

Brighthouse Financial stock opened at $21.09 on Friday. Brighthouse Financial has a one year low of $20.19 and a one year high of $25.51. The business has a 50 day simple moving average of $21.73 and a 200 day simple moving average of $23.34.

Brighthouse Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be given a dividend of $0.4125 per share. The ex-dividend date is Monday, March 10th. This represents a $1.65 annualized dividend and a dividend yield of 7.82%.

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.