Brighthouse Financial, Inc. (NASDAQ:BHFAM) Short Interest Down 49.8% in March

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 6,313 shares, a drop of 49.8% from the February 26th total of 12,565 shares. Based on an average daily trading volume, of 15,967 shares, the days-to-cover ratio is presently 0.4 days.

Brighthouse Financial Stock Down 0.9%

BHFAM stock opened at $10.76 on Friday. The business has a 50 day moving average of $11.92 and a 200-day moving average of $11.78. Brighthouse Financial has a 12-month low of $10.21 and a 12-month high of $15.66.

Brighthouse Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.2891 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.16 annualized dividend and a dividend yield of 10.7%.

Brighthouse Financial Company Profile

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.