Brighthouse Financial, Inc. (NASDAQ:BHFAO) Short Interest Down 50.9% in July

Brighthouse Financial, Inc. (NASDAQ:BHFAO) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 11,943 shares, a drop of 50.9% from the June 30th total of 24,316 shares. Based on an average trading volume of 30,452 shares, the short-interest ratio is currently 0.4 days.

Brighthouse Financial Stock Down 0.2%

Shares of Brighthouse Financial stock traded down $0.03 during trading on Tuesday, hitting $14.32. 1,896 shares of the stock were exchanged, compared to its average volume of 40,556. The company has a fifty day moving average price of $15.29 and a 200-day moving average price of $16.20. Brighthouse Financial has a 1-year low of $13.75 and a 1-year high of $18.88.

Brighthouse Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were issued a dividend of $0.4219 per share. The ex-dividend date was Wednesday, June 10th. This represents a $1.69 dividend on an annualized basis and a yield of 11.8%.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products focused on helping individuals secure retirement income and long-term financial protection. Established in August 2017 as a corporate spin-off from MetLife, Brighthouse offers a range of solutions designed to address market volatility, longevity risk and the need for guaranteed income streams. The company’s product portfolio includes fixed annuities, fixed indexed annuities, variable annuities and life insurance policies.

The company distributes its products through a network of independent broker-dealers, banks, registered investment advisers and career agents.