Brighthouse Financial, Inc. (NASDAQ:BHFAM) Sees Large Growth in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAM) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 81,694 shares, a growth of 159.0% from the September 30th total of 31,538 shares. Based on an average daily volume of 50,435 shares, the days-to-cover ratio is currently 1.6 days.

Brighthouse Financial Price Performance

BHFAM stock traded down $0.02 during midday trading on Friday, hitting $9.18. The stock had a trading volume of 47,013 shares, compared to its average volume of 50,319. The business has a 50-day moving average of $9.79 and a two-hundred day moving average of $10.86. Brighthouse Financial has a 52-week low of $8.99 and a 52-week high of $12.88.

Brighthouse Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 10th were given a $0.2891 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 12.6%.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products designed to help individuals and families address retirement income, wealth transfer and financial protection needs. The company operates primarily through independent distribution partners, including financial professionals, broker-dealers, banks and insurance agencies.

Its annuity offerings include fixed, fixed indexed and variable annuities, which can provide tax-deferred accumulation and income options during retirement.