Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAL) Increases By 138.3%

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 4,840 shares, a growth of 138.3% from the May 31st total of 2,031 shares. Based on an average trading volume of 19,651 shares, the days-to-cover ratio is presently 0.2 days.

Brighthouse Financial Trading Down 0.4%

Shares of NASDAQ:BHFAL traded down $0.06 during mid-day trading on Monday, reaching $15.63. 9,498 shares of the company traded hands, compared to its average volume of 23,471. The company’s 50 day moving average price is $16.47 and its 200-day moving average price is $16.97. Brighthouse Financial has a 52 week low of $15.60 and a 52 week high of $19.75.

Brighthouse Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.3906 per share. The ex-dividend date was Monday, June 1st. This represents a $1.56 annualized dividend and a dividend yield of 10.0%.

Brighthouse Financial Company Profile

Brighthouse Financial, which trades under the ticker NASDAQ:BHFAL, is a U.S.-based financial services company that was established in April 2017 through the separation of MetLife’s retail business. The company focuses on helping individuals achieve lifetime financial security by offering a range of retirement income and protection products. Since its spin-off, Brighthouse has operated as an independent, publicly traded entity with a dedicated emphasis on annuities and life insurance solutions.

The company’s core product suite includes fixed and variable annuities designed to provide predictable retirement income, as well as life insurance policies that offer estate planning benefits and death-benefit protection.