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

Brighthouse Financial, Inc. (NASDAQ:BHFAP) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 23,200 shares, a drop of 44.0% from the October 15th total of 41,400 shares. Based on an average trading volume of 25,200 shares, the days-to-cover ratio is presently 0.9 days.

Brighthouse Financial Stock Performance

Shares of BHFAP stock traded down $0.08 during trading hours on Wednesday, hitting $24.60. The company had a trading volume of 8,495 shares, compared to its average volume of 26,292. The company’s fifty day moving average is $24.98 and its 200 day moving average is $23.83. Brighthouse Financial has a fifty-two week low of $20.60 and a fifty-two week high of $25.51.

Brighthouse Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th were issued a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date was Tuesday, September 10th.

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.