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

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

Brighthouse Financial Stock Down 0.2%

BHFAO stock traded down $0.03 during midday trading on Tuesday, hitting $14.32. The company’s stock had a trading volume of 1,896 shares, compared to its average volume of 40,556. Brighthouse Financial has a twelve month low of $13.75 and a twelve month high of $18.88. The company’s fifty day moving average price is $15.29 and its 200 day moving average price is $16.20.

Brighthouse Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were issued a $0.4219 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.69 annualized dividend and a dividend yield of 11.8%.

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.