Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAM) Increases By 113.9%

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 27,110 shares, an increase of 113.9% from the May 31st total of 12,674 shares. Based on an average daily volume of 24,159 shares, the short-interest ratio is presently 1.1 days.

Brighthouse Financial Stock Up 1.0%

Shares of BHFAM stock opened at $10.59 on Thursday. Brighthouse Financial has a 12-month low of $10.21 and a 12-month high of $14.20. The stock’s 50-day moving average price is $11.15 and its 200-day moving average price is $11.51.

Brighthouse Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were paid a $0.2891 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.16 dividend on an annualized basis and a yield of 10.9%.

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.