Brighthouse Financial, Inc. (NASDAQ:BHFAN) Sees Large Growth in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 32,954 shares, an increase of 52.3% from the December 15th total of 21,631 shares. Based on an average trading volume of 166,903 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 166,903 shares, the short-interest ratio is currently 0.2 days.

Brighthouse Financial Stock Up 1.5%

BHFAN stock opened at $13.51 on Friday. Brighthouse Financial has a one year low of $11.51 and a one year high of $18.50. The company has a fifty day moving average price of $12.97 and a two-hundred day moving average price of $13.54.

Brighthouse Financial Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 10th were issued a dividend of $0.3359 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $1.34 annualized dividend and a dividend yield of 9.9%.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuity and life insurance products that was spun off from MetLife in August 2017. Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families prepare for retirement by offering a range of guaranteed-income solutions. Brighthouse Financial operates as a standalone public company under the ticker BHFAN on the NASDAQ exchange.

The company’s product portfolio includes fixed indexed annuities, fixed deferred annuities and lifetime income solutions designed to deliver predictable retirement cash flows.