Brighthouse Financial, Inc. (NASDAQ:BHFAM) Sees Significant Decline in Short Interest
by Teresa Graham · The Cerbat GemBrighthouse Financial, Inc. (NASDAQ:BHFAM – Get Free Report) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 4,104 shares, a decrease of 49.6% from the April 15th total of 8,135 shares. Based on an average trading volume of 14,925 shares, the days-to-cover ratio is currently 0.3 days.
Brighthouse Financial Trading Down 0.7%
Shares of BHFAM traded down $0.08 during trading hours on Friday, hitting $11.54. 8,211 shares of the stock were exchanged, compared to its average volume of 38,729. Brighthouse Financial has a fifty-two week low of $10.21 and a fifty-two week high of $15.66. The business has a 50-day moving average of $11.55 and a 200-day moving average of $11.69.
Brighthouse Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.2891 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.16 annualized dividend and a dividend yield of 10.0%.
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.