Brighthouse Financial, Inc. (NASDAQ:BHFAP) Short Interest Update

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 5,573 shares, an increase of 156.1% from the April 30th total of 2,176 shares. Based on an average daily trading volume, of 20,267 shares, the days-to-cover ratio is currently 0.3 days.

Brighthouse Financial Stock Down 1.5%

Shares of BHFAP opened at $15.17 on Friday. Brighthouse Financial has a 1 year low of $14.02 and a 1 year high of $21.40. The company has a 50 day simple moving average of $15.78 and a two-hundred day simple moving average of $16.01.

Brighthouse Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date is Wednesday, June 10th.

Brighthouse Financial Company Profile

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.