Brighthouse Financial, Inc. (NASDAQ:BHFAN) Sees Significant Growth in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 31,574 shares, a growth of 103.8% from the July 30th total of 15,493 shares. Based on an average daily volume of 92,330 shares, the short-interest ratio is currently 0.3 days.

Brighthouse Financial Trading Down 0.3%

Shares of BHFAN stock traded down $0.03 on Friday, reaching $11.79. The company’s stock had a trading volume of 36,633 shares, compared to its average volume of 74,289. Brighthouse Financial has a 12-month low of $10.95 and a 12-month high of $15.65. The stock’s 50 day simple moving average is $11.65 and its 200-day simple moving average is $12.48.

Brighthouse Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be issued a $0.3359 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.34 annualized dividend and a dividend yield of 11.4%.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuity and life insurance products that was spun off from MetLife in August 2017. Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families prepare for retirement by offering a range of guaranteed-income solutions. Brighthouse Financial operates as a standalone public company under the ticker BHFAN on the NASDAQ exchange.

The company’s product portfolio includes fixed indexed annuities, fixed deferred annuities and lifetime income solutions designed to deliver predictable retirement cash flows.