Brighthouse Financial, Inc. (NASDAQ:BHFAO – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 11,943 shares, a drop of 50.9% from the June 30th total of 24,316 shares. Based on an average daily volume of 30,452 shares, the days-to-cover ratio is currently 0.4 days.
Brighthouse Financial Stock Performance
NASDAQ BHFAO traded down $0.04 on Wednesday, reaching $14.28. 10,353 shares of the company were exchanged, compared to its average volume of 40,641. The business’s fifty day moving average price is $15.25 and its 200 day moving average price is $16.19. Brighthouse Financial has a fifty-two week low of $13.75 and a fifty-two week high of $18.88.
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 issued a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a dividend yield of 11.8%. The ex-dividend date was Wednesday, June 10th.
About Brighthouse Financial
Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products focused on helping individuals secure retirement income and long-term financial protection. Established in August 2017 as a corporate spin-off from MetLife, Brighthouse offers a range of solutions designed to address market volatility, longevity risk and the need for guaranteed income streams. The company’s product portfolio includes fixed annuities, fixed indexed annuities, variable annuities and life insurance policies.
The company distributes its products through a network of independent broker-dealers, banks, registered investment advisers and career agents.
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