Brighthouse Financial, Inc. (NASDAQ:BHFAP) Sees Large Decline in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 7,666 shares, a decrease of 67.6% from the January 15th total of 23,625 shares. Based on an average daily volume of 36,221 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 36,221 shares, the short-interest ratio is currently 0.2 days.

Brighthouse Financial Stock Down 0.2%

BHFAP stock opened at $16.40 on Friday. The stock has a 50-day simple moving average of $15.89 and a two-hundred day simple moving average of $16.38. Brighthouse Financial has a twelve month low of $14.02 and a twelve month high of $21.95.

Brighthouse Financial Announces Dividend

The company 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 $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend was Wednesday, December 10th.

Brighthouse Financial Company Profile

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.