Brighthouse Financial, Inc. (NASDAQ:BHFAM) Sees Significant Decrease in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAM) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 6,313 shares, a decrease of 49.8% from the February 26th total of 12,565 shares. Based on an average daily trading volume, of 15,967 shares, the short-interest ratio is currently 0.4 days.

Brighthouse Financial Stock Performance

BHFAM stock traded down $0.12 during trading on Friday, hitting $10.74. The company had a trading volume of 2,644 shares, compared to its average volume of 42,743. The business has a 50-day moving average of $11.94 and a 200-day moving average of $11.81. Brighthouse Financial has a one year low of $10.21 and a one year high of $15.66.

Brighthouse Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.2891 per share. The ex-dividend date was Tuesday, March 10th. This represents a $1.16 annualized dividend and a dividend yield of 10.8%.

Brighthouse Financial Company Profile

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.