Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAO) Expands By 50.3%

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 7,985 shares, a growth of 50.3% from the December 15th total of 5,314 shares. Based on an average daily trading volume, of 118,006 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 118,006 shares, the short-interest ratio is currently 0.1 days.

Brighthouse Financial Stock Up 0.7%

Shares of BHFAO opened at $16.59 on Friday. The firm’s 50 day moving average price is $16.13 and its 200 day moving average price is $16.82. Brighthouse Financial has a twelve month low of $14.19 and a twelve month high of $23.52.

Brighthouse Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 10th were paid a $0.4219 dividend. This represents a $1.69 annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend was Wednesday, December 10th.

Brighthouse Financial Company Profile

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.