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

Brighthouse Financial, Inc. (NASDAQ:BHFAL) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 5,675 shares, an increase of 358.8% from the February 12th total of 1,237 shares. Based on an average daily trading volume, of 33,357 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 33,357 shares, the days-to-cover ratio is presently 0.2 days.

Brighthouse Financial Stock Up 0.5%

BHFAL stock opened at $17.21 on Wednesday. The business has a 50 day moving average of $17.64 and a 200-day moving average of $17.76. Brighthouse Financial has a 12-month low of $16.15 and a 12-month high of $22.18.

Brighthouse Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Sunday, March 1st will be given a $0.3906 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.56 annualized dividend and a yield of 9.1%.

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.