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

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 18,064 shares, an increase of 1,397.8% from the August 15th total of 1,206 shares. Based on an average daily volume of 106,313 shares, the days-to-cover ratio is presently 0.2 days.

Brighthouse Financial Price Performance

Brighthouse Financial stock traded down $0.30 on Thursday, reaching $9.79. The company’s stock had a trading volume of 192,705 shares, compared to its average volume of 48,164. The business’s fifty day moving average price is $10.10 and its 200 day moving average price is $10.92. Brighthouse Financial has a twelve month low of $9.45 and a twelve month high of $13.21.

Brighthouse Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be issued a $0.2891 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend is Thursday, September 10th.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc (NASDAQ: BHFAM) is a U.S.-based provider of life insurance and annuity products designed to help individuals and families pursue long-term financial security. The company offers a range of fixed and fixed-indexed annuities, term and permanent life insurance policies, and related income protection solutions. Through its product portfolio, Brighthouse Financial seeks to address the retirement income needs of its clients and deliver predictable cash flows over time.

Established as an independent public company in August 2017 following a spin-off from MetLife, Brighthouse Financial has focused on streamlining operations and narrowing its business scope to core retirement and protection offerings.