Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAN) Decreases By 60.3%

Brighthouse Financial, Inc. (NASDAQ:BHFAN) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 10,600 shares, a drop of 60.3% from the September 30th total of 26,700 shares. Based on an average daily trading volume, of 64,800 shares, the days-to-cover ratio is currently 0.2 days.

Brighthouse Financial Stock Performance

Shares of BHFAN remained flat at $20.74 during mid-day trading on Friday. The stock had a trading volume of 26,054 shares, compared to its average volume of 45,228. The business has a 50-day simple moving average of $20.23 and a 200-day simple moving average of $19.49. Brighthouse Financial has a 52-week low of $15.10 and a 52-week high of $21.63.

Brighthouse Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th were issued a $0.3359 dividend. The ex-dividend date was Tuesday, September 10th. This is a positive change from Brighthouse Financial’s previous quarterly dividend of $0.34. This represents a $1.34 annualized dividend and a yield of 6.48%.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment consists of variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.