Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAP) Drops By 69.5%

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 7,643 shares, a decrease of 69.5% from the June 30th total of 25,020 shares. Based on an average daily volume of 25,600 shares, the short-interest ratio is presently 0.3 days.

Brighthouse Financial Stock Performance

Brighthouse Financial stock traded down $0.01 during mid-day trading on Tuesday, reaching $14.00. The company had a trading volume of 7,210 shares, compared to its average volume of 33,364. Brighthouse Financial has a fifty-two week low of $13.44 and a fifty-two week high of $18.70. The business has a fifty day simple moving average of $14.90 and a 200 day simple moving average of $15.74.

Brighthouse Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were paid a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date was Wednesday, June 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.