Brighthouse Financial, Inc. (NASDAQ:BHFAM) Short Interest Update

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 6,313 shares, a drop of 49.8% from the February 26th total of 12,565 shares. Based on an average daily volume of 15,967 shares, the days-to-cover ratio is currently 0.4 days.

Brighthouse Financial Trading Down 0.6%

NASDAQ:BHFAM opened at $10.92 on Thursday. The firm’s fifty day moving average price is $11.96 and its 200 day moving average price is $11.81. Brighthouse Financial has a 1-year low of $10.21 and a 1-year high of $15.66.

Brighthouse Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th were issued a $0.2891 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.16 annualized dividend and a dividend yield of 10.6%.

About Brighthouse Financial

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.