Brighthouse Financial, Inc. (NASDAQ:BHFAN) Sees Significant Drop in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 15,396 shares, a drop of 70.3% from the June 30th total of 51,779 shares. Based on an average daily volume of 46,674 shares, the short-interest ratio is presently 0.3 days.

Brighthouse Financial Trading Up 0.6%

NASDAQ BHFAN traded up $0.07 on Monday, hitting $11.42. 26,770 shares of the stock traded hands, compared to its average volume of 74,798. The stock has a 50-day moving average of $12.19 and a 200 day moving average of $12.85. Brighthouse Financial has a twelve month low of $10.95 and a twelve month high of $15.65.

Brighthouse Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were paid a dividend of $0.3359 per share. The ex-dividend date was Wednesday, June 10th. This represents a $1.34 annualized dividend and a yield of 11.8%.

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.