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

Brighthouse Financial, Inc. (NASDAQ:BHFAM) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 81,694 shares, an increase of 159.0% from the September 30th total of 31,538 shares. Based on an average daily volume of 50,435 shares, the days-to-cover ratio is currently 1.6 days.

Brighthouse Financial Price Performance

Shares of NASDAQ BHFAM remained flat at $9.20 during mid-day trading on Friday. 33,652 shares of the stock were exchanged, compared to its average volume of 50,226. The business has a fifty day simple moving average of $9.80 and a 200-day simple moving average of $10.88. Brighthouse Financial has a 1-year low of $8.99 and a 1-year high of $12.88.

Brighthouse Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 10th were issued a $0.2891 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.16 dividend on an annualized basis and a yield of 12.6%.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products designed to help individuals and families address retirement income, wealth transfer and financial protection needs. The company operates primarily through independent distribution partners, including financial professionals, broker-dealers, banks and insurance agencies.

Its annuity offerings include fixed, fixed indexed and variable annuities, which can provide tax-deferred accumulation and income options during retirement.