Brighthouse Financial, Inc. (NASDAQ:BHFAL) Sees Large Decline in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 9,469 shares, a decline of 39.8% from the January 15th total of 15,720 shares. Based on an average trading volume of 30,977 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 30,977 shares, the days-to-cover ratio is currently 0.3 days.

Brighthouse Financial Stock Performance

Shares of BHFAL traded down $0.02 during midday trading on Friday, hitting $17.53. The stock had a trading volume of 17,305 shares, compared to its average volume of 27,260. Brighthouse Financial has a fifty-two week low of $16.15 and a fifty-two week high of $22.51. The business has a 50-day simple moving average of $17.28 and a two-hundred day simple moving average of $17.92.

Brighthouse Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $0.3906 per share. The ex-dividend date was Monday, December 1st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.9%.

About Brighthouse Financial

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.