Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAO) Grows By 440.2%

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 24,316 shares, an increase of 440.2% from the June 15th total of 4,501 shares. Based on an average daily volume of 46,237 shares, the days-to-cover ratio is presently 0.5 days.

Brighthouse Financial Trading Down 0.5%

NASDAQ BHFAO traded down $0.07 during trading hours on Friday, hitting $15.13. 26,322 shares of the company’s stock were exchanged, compared to its average volume of 40,592. The stock has a 50-day simple moving average of $15.71 and a 200 day simple moving average of $16.26. Brighthouse Financial has a 1-year low of $14.19 and a 1-year high of $19.22.

Brighthouse Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were given a $0.4219 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.69 annualized dividend and a yield of 11.2%.

Brighthouse Financial Company Profile

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.