Brighthouse Financial, Inc. (NASDAQ:BHFAL) Sees Significant Increase in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 4,840 shares, an increase of 138.3% from the May 31st total of 2,031 shares. Based on an average trading volume of 19,651 shares, the short-interest ratio is currently 0.2 days.

Brighthouse Financial Price Performance

NASDAQ BHFAL traded up $0.02 during trading hours on Tuesday, reaching $15.62. 4,928 shares of the company’s stock were exchanged, compared to its average volume of 23,436. The company’s 50-day moving average is $16.44 and its two-hundred day moving average is $16.96. Brighthouse Financial has a one year low of $15.60 and a one year high of $19.75.

Brighthouse Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.3906 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.0%. The ex-dividend date was Monday, June 1st.

Brighthouse Financial Company Profile

Brighthouse Financial, which trades under the ticker NASDAQ:BHFAL, is a U.S.-based financial services company that was established in April 2017 through the separation of MetLife’s retail business. The company focuses on helping individuals achieve lifetime financial security by offering a range of retirement income and protection products. Since its spin-off, Brighthouse has operated as an independent, publicly traded entity with a dedicated emphasis on annuities and life insurance solutions.

The company’s core product suite includes fixed and variable annuities designed to provide predictable retirement income, as well as life insurance policies that offer estate planning benefits and death-benefit protection.