Brighthouse Financial, Inc. (NASDAQ:BHFAP) Short Interest Update

Brighthouse Financial, Inc. (NASDAQ:BHFAP) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 23,625 shares, a growth of 168.7% from the December 31st total of 8,792 shares. Based on an average trading volume of 47,644 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 47,644 shares, the days-to-cover ratio is currently 0.5 days.

Brighthouse Financial Price Performance

BHFAP traded down $0.04 during midday trading on Friday, hitting $16.84. 18,807 shares of the company traded hands, compared to its average volume of 45,330. Brighthouse Financial has a 52 week low of $14.02 and a 52 week high of $21.95. The company’s 50-day moving average is $15.84 and its 200 day moving average is $16.35.

Brighthouse Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 10th were issued a $0.4125 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $1.65 dividend on an annualized basis and a yield of 9.8%.

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.