Brighthouse Financial, Inc. (NASDAQ:BHFAP) Stock Short Interest Declines 72.5%

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 9,028 shares, a decrease of 72.5% from the September 30th total of 32,861 shares. Based on an average daily volume of 34,074 shares, the short-interest ratio is presently 0.3 days.

Brighthouse Financial Price Performance

Brighthouse Financial stock traded up $0.06 during trading hours on Wednesday, hitting $12.74. The stock had a trading volume of 640 shares, compared to its average volume of 35,458. The business’s 50 day simple moving average is $13.64 and its 200-day simple moving average is $15.07. Brighthouse Financial has a one year low of $12.36 and a one year high of $17.95.

Brighthouse Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Thursday, September 10th were issued a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 13.0%. The ex-dividend date was Thursday, September 10th.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based insurance and retirement services company focused on helping individuals and families achieve financial security. The company primarily provides annuities and life insurance products designed to support income planning, wealth transfer, protection, and other long-term financial needs.

Brighthouse Financial offers a range of annuity products, including fixed, indexed, and variable annuities. Its life insurance portfolio includes products such as term life insurance and permanent life insurance, which may provide death-benefit protection and, depending on the policy, cash-value accumulation.