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

Brighthouse Financial, Inc. (NASDAQ:BHFAM) saw a large decline in short interest in August. As of August 15th, there was short interest totalling 24,200 shares, a decline of 13.6% from the July 31st total of 28,000 shares. Based on an average trading volume of 26,600 shares, the days-to-cover ratio is currently 0.9 days.

Brighthouse Financial Trading Down 1.8 %

Shares of NASDAQ BHFAM traded down $0.30 during trading hours on Monday, hitting $16.75. The stock had a trading volume of 134,000 shares, compared to its average volume of 34,963. The firm’s 50-day moving average price is $16.61 and its two-hundred day moving average price is $16.41. Brighthouse Financial has a 52 week low of $13.03 and a 52 week high of $17.19.

Brighthouse Financial Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be paid a $0.2891 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 6.90%.

About Brighthouse Financial

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment consists of variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.