Brighthouse Financial, Inc. (NASDAQ:BHFAO) Short Interest Update

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 88,600 shares, an increase of 59.9% from the February 29th total of 55,400 shares. Based on an average daily trading volume, of 32,600 shares, the days-to-cover ratio is currently 2.7 days.

Brighthouse Financial Stock Down 0.8 %

BHFAO stock traded down $0.20 during trading on Friday, reaching $25.05. 38,571 shares of the stock were exchanged, compared to its average volume of 29,560. The firm’s 50 day moving average is $24.83 and its 200 day moving average is $23.32. Brighthouse Financial has a twelve month low of $19.53 and a twelve month high of $25.51.

Brighthouse Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Sunday, March 10th were issued a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a yield of 6.74%. The ex-dividend date was Thursday, March 7th.

About Brighthouse Financial

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.