Brighthouse Financial, Inc. (NASDAQ:BHFAM) Sees Significant Drop in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 4,104 shares, a drop of 49.6% from the April 15th total of 8,135 shares. Based on an average daily trading volume, of 14,925 shares, the short-interest ratio is currently 0.3 days.

Brighthouse Financial Stock Performance

NASDAQ:BHFAM traded down $0.08 during midday trading on Friday, reaching $11.54. The stock had a trading volume of 8,211 shares, compared to its average volume of 38,729. The firm has a fifty day simple moving average of $11.55 and a two-hundred day simple moving average of $11.69. Brighthouse Financial has a 12-month low of $10.21 and a 12-month high of $15.66.

Brighthouse Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be given a $0.2891 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 10.0%. The ex-dividend date is Wednesday, June 10th.

About Brighthouse Financial

Brighthouse Financial, Inc (NASDAQ: BHFAM) is a U.S.-based provider of life insurance and annuity products designed to help individuals and families pursue long-term financial security. The company offers a range of fixed and fixed-indexed annuities, term and permanent life insurance policies, and related income protection solutions. Through its product portfolio, Brighthouse Financial seeks to address the retirement income needs of its clients and deliver predictable cash flows over time.

Established as an independent public company in August 2017 following a spin-off from MetLife, Brighthouse Financial has focused on streamlining operations and narrowing its business scope to core retirement and protection offerings.