Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAO) Drops By 80.6%

Brighthouse Financial, Inc. (NASDAQ:BHFAO) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 12,771 shares, a decline of 80.6% from the May 14th total of 65,681 shares. Based on an average trading volume of 39,674 shares, the days-to-cover ratio is presently 0.3 days.

Brighthouse Financial Stock Performance

BHFAO opened at $15.66 on Wednesday. The business has a fifty day moving average of $16.37 and a 200 day moving average of $16.42. Brighthouse Financial has a 52-week low of $14.19 and a 52-week high of $21.82.

Brighthouse Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.4219 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.69 dividend on an annualized basis and a yield of 10.8%.

About Brighthouse Financial

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.