Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAM) Decreases By 87.4%

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 10,682 shares, a decrease of 87.4% from the June 30th total of 85,014 shares. Based on an average daily volume of 27,615 shares, the days-to-cover ratio is presently 0.4 days.

Brighthouse Financial Stock Performance

Shares of NASDAQ BHFAM traded up $0.17 during trading hours on Friday, hitting $9.94. 71,632 shares of the stock were exchanged, compared to its average volume of 41,926. The company’s fifty day simple moving average is $10.74 and its two-hundred day simple moving average is $11.43. Brighthouse Financial has a 1-year low of $9.45 and a 1-year high of $14.20.

Brighthouse Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were paid a $0.2891 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date was Wednesday, June 10th.

About Brighthouse Financial

Brighthouse Financial, Inc (NASDAQ: BHFAM) is a U.S.-based provider of life insurance and annuity products designed to help individuals and families pursue long-term financial security. The company offers a range of fixed and fixed-indexed annuities, term and permanent life insurance policies, and related income protection solutions. Through its product portfolio, Brighthouse Financial seeks to address the retirement income needs of its clients and deliver predictable cash flows over time.

Established as an independent public company in August 2017 following a spin-off from MetLife, Brighthouse Financial has focused on streamlining operations and narrowing its business scope to core retirement and protection offerings.