Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAM) Grows By 1,397.8%

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 18,064 shares, an increase of 1,397.8% from the August 15th total of 1,206 shares. Based on an average trading volume of 106,313 shares, the days-to-cover ratio is presently 0.2 days.

Brighthouse Financial Stock Up 0.3%

BHFAM stock traded up $0.03 during trading on Friday, reaching $9.81. The company had a trading volume of 1,389 shares, compared to its average volume of 47,893. Brighthouse Financial has a twelve month low of $9.45 and a twelve month high of $13.21. The firm has a 50-day simple moving average of $10.10 and a 200-day simple moving average of $10.92.

Brighthouse Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.2891 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.8%.

Brighthouse Financial Company Profile

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.