Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAP) Rises By 52.0%

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 6,863 shares, an increase of 52.0% from the March 15th total of 4,515 shares. Based on an average daily volume of 31,686 shares, the days-to-cover ratio is presently 0.2 days.

Brighthouse Financial Stock Down 1.3%

BHFAP opened at $16.23 on Tuesday. The stock has a 50-day moving average price of $16.19 and a 200-day moving average price of $16.01. Brighthouse Financial has a 1 year low of $14.02 and a 1 year high of $21.40.

Brighthouse Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th were given a $0.4125 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.65 dividend on an annualized basis and a yield of 10.2%.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of retirement and protection solutions, formed in August 2017 as a spin-off from MetLife, Inc Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families secure their financial futures through a range of insurance and annuity products. Since its inception, Brighthouse Financial has operated independently, building its own brand and capabilities in the quickly evolving retirement-services market.

The company’s core business centers on the design, manufacture and distribution of fixed annuities, fixed indexed annuities and other guaranteed retirement-income products.