Brighthouse Financial, Inc. (NASDAQ:BHFAM) Sees Large Increase in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the target of a large increase in short interest during the month of 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 daily volume of 106,313 shares, the days-to-cover ratio is presently 0.2 days.

Brighthouse Financial Trading Down 3.0%

Shares of Brighthouse Financial stock traded down $0.30 during mid-day trading on Thursday, reaching $9.79. 192,705 shares of the stock were exchanged, compared to its average volume of 48,164. Brighthouse Financial has a fifty-two week low of $9.45 and a fifty-two week 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 Announces Dividend

The company 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 annualized dividend and a dividend yield of 11.8%.

About Brighthouse Financial

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.