Brighthouse Financial, Inc. (NASDAQ:BHFAL) Sees Large Drop in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the target of a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 65,600 shares, adeclineof60.6% from the July 31st total of 166,300 shares. Based on an average daily volume of 49,900 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 49,900 shares, the days-to-cover ratio is presently 1.3 days.

Brighthouse Financial Trading Up 0.4%

Shares of BHFAL opened at $19.28 on Thursday. The stock has a 50 day simple moving average of $19.03 and a 200 day simple moving average of $20.09. Brighthouse Financial has a 52-week low of $17.73 and a 52-week high of $25.47.

Brighthouse Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be paid a $0.3906 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.56 dividend on an annualized basis and a yield of 8.1%.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc operates as a holding company, which engages in the provision of life insurance and annuities through independent distribution channels and marketing arrangements with diverse network of distribution partners. It operates through the following segments: Annuities; Life; Run-Off; and Corporate & Others.