Brighthouse Financial, Inc. (NASDAQ:BHFAP) Short Interest Down 84.4% in April

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 2,176 shares, a decline of 84.4% from the April 15th total of 13,992 shares. Based on an average daily volume of 38,102 shares, the short-interest ratio is currently 0.1 days.

Brighthouse Financial Trading Up 0.3%

NASDAQ:BHFAP traded up $0.04 during midday trading on Tuesday, reaching $15.95. 18,573 shares of the stock traded hands, compared to its average volume of 35,297. Brighthouse Financial has a 12 month low of $14.02 and a 12 month high of $21.40. The company has a fifty day moving average of $15.96 and a 200 day moving average of $16.03.

Brighthouse Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th were paid a $0.4125 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.65 annualized dividend and a dividend yield of 10.3%.

Brighthouse Financial Company Profile

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.