Brighthouse Financial, Inc. (NASDAQ:BHFAO) Short Interest Down 64.8% in June

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 4,501 shares, a drop of 64.8% from the May 31st total of 12,771 shares. Based on an average trading volume of 31,711 shares, the short-interest ratio is presently 0.1 days.

Brighthouse Financial Stock Performance

NASDAQ BHFAO traded up $0.03 during mid-day trading on Tuesday, hitting $15.00. The company’s stock had a trading volume of 18,824 shares, compared to its average volume of 40,461. The company’s 50 day simple moving average is $16.00 and its 200 day simple moving average is $16.29. Brighthouse Financial has a twelve month low of $14.19 and a twelve month high of $20.20.

Brighthouse Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were issued a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date was Wednesday, June 10th.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products focused on helping individuals secure retirement income and long-term financial protection. Established in August 2017 as a corporate spin-off from MetLife, Brighthouse offers a range of solutions designed to address market volatility, longevity risk and the need for guaranteed income streams. The company’s product portfolio includes fixed annuities, fixed indexed annuities, variable annuities and life insurance policies.

The company distributes its products through a network of independent broker-dealers, banks, registered investment advisers and career agents.