Brighthouse Financial, Inc. (NASDAQ:BHFAP) Sees Large Drop in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the recipient of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 11,000 shares, a decline of 52.6% from the October 31st total of 23,200 shares. Based on an average trading volume of 25,400 shares, the days-to-cover ratio is presently 0.4 days.

Brighthouse Financial Stock Down 0.1 %

NASDAQ:BHFAP traded down $0.03 during mid-day trading on Friday, reaching $23.88. 104,134 shares of the company’s stock traded hands, compared to its average volume of 26,524. The company has a 50 day moving average price of $24.75 and a 200-day moving average price of $23.92. Brighthouse Financial has a 12-month low of $20.66 and a 12-month high of $25.51.

Brighthouse Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.4125 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.65 annualized dividend and a dividend yield of 6.91%.

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.