Brighthouse Financial, Inc. (NASDAQ:BHFAN) Sees Large Decrease in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 9,285 shares, a decrease of 53.2% from the May 31st total of 19,840 shares. Based on an average daily trading volume, of 80,091 shares, the days-to-cover ratio is presently 0.1 days.

Brighthouse Financial Price Performance

NASDAQ BHFAN traded down $0.06 during midday trading on Tuesday, hitting $12.03. The company had a trading volume of 14,008 shares, compared to its average volume of 77,770. The firm has a 50-day moving average price of $12.62 and a 200-day moving average price of $12.94. Brighthouse Financial has a twelve month low of $11.51 and a twelve month high of $15.65.

Brighthouse Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were given a $0.3359 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 11.2%.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuity and life insurance products that was spun off from MetLife in August 2017. Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families prepare for retirement by offering a range of guaranteed-income solutions. Brighthouse Financial operates as a standalone public company under the ticker BHFAN on the NASDAQ exchange.

The company’s product portfolio includes fixed indexed annuities, fixed deferred annuities and lifetime income solutions designed to deliver predictable retirement cash flows.