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

Brighthouse Financial, Inc. (NASDAQ:BHFAN) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 12,914 shares, a drop of 52.3% from the January 29th total of 27,081 shares. Based on an average daily volume of 65,572 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 65,572 shares, the short-interest ratio is currently 0.2 days.

Brighthouse Financial Stock Down 1.6%

BHFAN opened at $13.73 on Friday. Brighthouse Financial has a twelve month low of $11.51 and a twelve month high of $17.40. The company has a 50-day simple moving average of $13.33 and a 200 day simple moving average of $13.46.

Brighthouse Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th will be given a dividend of $0.3359 per share. The ex-dividend date is Tuesday, March 10th. This represents a $1.34 annualized dividend and a dividend yield of 9.8%.

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.