Brighthouse Financial, Inc. (NASDAQ:BHFAN) Sees Large Decrease in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 17,017 shares, a decline of 54.1% from the February 26th total of 37,084 shares. Based on an average daily volume of 34,268 shares, the days-to-cover ratio is presently 0.5 days.

Brighthouse Financial Trading Down 0.1%

NASDAQ:BHFAN traded down $0.02 on Friday, hitting $12.05. The stock had a trading volume of 21,338 shares, compared to its average volume of 97,039. Brighthouse Financial has a 1 year low of $11.51 and a 1 year high of $17.40. The firm’s fifty day simple moving average is $13.37 and its two-hundred day simple moving average is $13.21.

Brighthouse Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th were issued a dividend of $0.3359 per share. This represents a $1.34 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date was Tuesday, March 10th.

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.