Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAN) Grows By 52.3%

Brighthouse Financial, Inc. (NASDAQ:BHFAN) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 32,954 shares, an increase of 52.3% from the December 15th total of 21,631 shares. Based on an average daily trading volume, of 166,903 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 166,903 shares, the days-to-cover ratio is currently 0.2 days.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHFAN traded up $0.20 during midday trading on Friday, reaching $13.51. 342,099 shares of the company’s stock were exchanged, compared to its average volume of 139,027. The company’s 50 day simple moving average is $12.97 and its two-hundred day simple moving average is $13.53. Brighthouse Financial has a 12 month low of $11.51 and a 12 month high of $18.50.

Brighthouse Financial Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 10th were issued a $0.3359 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 9.9%.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuity and life insurance products that was spun off from MetLife in August 2017. Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families prepare for retirement by offering a range of guaranteed-income solutions. Brighthouse Financial operates as a standalone public company under the ticker BHFAN on the NASDAQ exchange.

The company’s product portfolio includes fixed indexed annuities, fixed deferred annuities and lifetime income solutions designed to deliver predictable retirement cash flows.