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

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 7,985 shares, a growth of 50.3% from the December 15th total of 5,314 shares. Based on an average trading volume of 118,006 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 118,006 shares, the short-interest ratio is currently 0.1 days.

Brighthouse Financial Stock Up 0.7%

BHFAO stock traded up $0.12 during mid-day trading on Friday, reaching $16.71. The company had a trading volume of 58,300 shares, compared to its average volume of 40,945. Brighthouse Financial has a 52 week low of $14.19 and a 52 week high of $23.47. The stock has a 50 day simple moving average of $16.12 and a two-hundred day simple moving average of $16.78.

Brighthouse Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 10th were issued a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date was Wednesday, December 10th.

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.