Brighthouse Financial, Inc. (NASDAQ:BHFAM) Short Interest Down 87.4% in July

Brighthouse Financial, Inc. (NASDAQ:BHFAM) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 10,682 shares, a drop of 87.4% from the June 30th total of 85,014 shares. Based on an average trading 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 $0.06 during mid-day trading on Monday, reaching $10.00. 12,245 shares of the company’s stock were exchanged, compared to its average volume of 41,715. The company’s 50-day moving average is $10.74 and its 200-day moving average is $11.43. Brighthouse Financial has a 52-week low of $9.45 and a 52-week high of $14.20.

Brighthouse Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.2891 per share. This represents a $1.16 annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend 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.