Brighthouse Financial, Inc. (NASDAQ:BHFAM – Get Free Report) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 10,682 shares, a decrease of 87.4% from the June 30th total of 85,014 shares. Based on an average daily trading volume, of 27,615 shares, the days-to-cover ratio is currently 0.4 days.
Brighthouse Financial Trading Up 1.7%
BHFAM stock traded up $0.17 during trading hours on Friday, hitting $9.94. 71,632 shares of the stock traded hands, compared to its average volume of 41,926. The stock has a 50-day simple moving average of $10.74 and a 200 day simple moving average of $11.43. Brighthouse Financial has a one year low of $9.45 and a one year high of $14.20.
Brighthouse Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were given a dividend of $0.2891 per share. The ex-dividend date was Wednesday, June 10th. This represents a $1.16 annualized dividend and a dividend yield of 11.6%.
About Brighthouse Financial
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.
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