Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAO) Declines By 30.6%

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 13,418 shares, a drop of 30.6% from the February 26th total of 19,336 shares. Based on an average trading volume of 25,226 shares, the days-to-cover ratio is presently 0.5 days.

Brighthouse Financial Stock Down 0.3%

BHFAO opened at $15.40 on Friday. The firm’s fifty day simple moving average is $16.80 and its two-hundred day simple moving average is $16.43. Brighthouse Financial has a 52-week low of $14.19 and a 52-week high of $21.94.

Brighthouse Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th were issued a $0.4219 dividend. This represents a $1.69 annualized dividend and a yield of 11.0%. The ex-dividend date was Tuesday, March 10th.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products focused on helping individuals secure retirement income and long-term financial protection. Established in August 2017 as a corporate spin-off from MetLife, Brighthouse offers a range of solutions designed to address market volatility, longevity risk and the need for guaranteed income streams. The company’s product portfolio includes fixed annuities, fixed indexed annuities, variable annuities and life insurance policies.

The company distributes its products through a network of independent broker-dealers, banks, registered investment advisers and career agents.