Brighthouse Financial, Inc. (NASDAQ:BHFAP) Short Interest Down 43.4% in March

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 4,515 shares, a decline of 43.4% from the February 26th total of 7,972 shares. Based on an average daily volume of 19,064 shares, the days-to-cover ratio is presently 0.2 days.

Brighthouse Financial Stock Performance

Shares of Brighthouse Financial stock traded up $0.05 during trading hours on Friday, reaching $14.91. The company’s stock had a trading volume of 13,887 shares, compared to its average volume of 36,675. The firm has a 50 day moving average price of $16.40 and a 200-day moving average price of $16.10. Brighthouse Financial has a one year low of $14.02 and a one year high of $21.40.

Brighthouse Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.4125 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 11.1%.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of retirement and protection solutions, formed in August 2017 as a spin-off from MetLife, Inc Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families secure their financial futures through a range of insurance and annuity products. Since its inception, Brighthouse Financial has operated independently, building its own brand and capabilities in the quickly evolving retirement-services market.

The company’s core business centers on the design, manufacture and distribution of fixed annuities, fixed indexed annuities and other guaranteed retirement-income products.