Brighthouse Financial, Inc. (NASDAQ:BHFAL) Short Interest Down 44.8% in August

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 779 shares, a drop of 44.8% from the July 30th total of 1,412 shares. Based on an average trading volume of 32,766 shares, the days-to-cover ratio is presently 0.0 days.

Brighthouse Financial Price Performance

BHFAL stock traded down $0.19 during mid-day trading on Friday, reaching $15.55. 27,050 shares of the company traded hands, compared to its average volume of 25,020. The firm’s 50 day moving average price is $15.71 and its 200 day moving average price is $16.49. Brighthouse Financial has a fifty-two week low of $14.98 and a fifty-two week high of $19.60.

Brighthouse Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.3906 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date is Tuesday, September 1st.

Brighthouse Financial Company Profile

Brighthouse Financial, which trades under the ticker NASDAQ:BHFAL, is a U.S.-based financial services company that was established in April 2017 through the separation of MetLife’s retail business. The company focuses on helping individuals achieve lifetime financial security by offering a range of retirement income and protection products. Since its spin-off, Brighthouse has operated as an independent, publicly traded entity with a dedicated emphasis on annuities and life insurance solutions.

The company’s core product suite includes fixed and variable annuities designed to provide predictable retirement income, as well as life insurance policies that offer estate planning benefits and death-benefit protection.