Brighthouse Financial, Inc. (NASDAQ:BHFAP) Short Interest Update

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 7,643 shares, a decline of 69.5% from the June 30th total of 25,020 shares. Based on an average daily volume of 25,600 shares, the days-to-cover ratio is currently 0.3 days.

Brighthouse Financial Stock Performance

BHFAP traded up $0.20 on Monday, reaching $14.02. The company had a trading volume of 26,361 shares, compared to its average volume of 33,572. The company has a fifty day moving average of $14.94 and a 200-day moving average of $15.75. Brighthouse Financial has a one year low of $13.44 and a one year high of $18.70.

Brighthouse Financial Dividend Announcement

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 $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend was Wednesday, June 10th.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based provider of retirement and protection solutions, formed in August 2017 as a spin-off from MetLife, Inc Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families secure their financial futures through a range of insurance and annuity products. Since its inception, Brighthouse Financial has operated independently, building its own brand and capabilities in the quickly evolving retirement-services market.

The company’s core business centers on the design, manufacture and distribution of fixed annuities, fixed indexed annuities and other guaranteed retirement-income products.