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

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 37,084 shares, a growth of 187.2% from the February 12th total of 12,914 shares. Based on an average daily volume of 159,427 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 159,427 shares, the days-to-cover ratio is currently 0.2 days.

Brighthouse Financial Price Performance

Shares of NASDAQ BHFAN opened at $13.36 on Wednesday. The stock’s 50-day moving average is $13.46 and its 200 day moving average is $13.39. Brighthouse Financial has a 1-year low of $11.51 and a 1-year high of $17.40.

Brighthouse Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.3359 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.34 annualized dividend and a dividend yield of 10.1%.

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.