Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAP) Declines By 46.2%

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 13,600 shares, a drop of 46.2% from the February 13th total of 25,300 shares. Based on an average daily volume of 46,900 shares, the days-to-cover ratio is presently 0.3 days.

Brighthouse Financial Price Performance

Shares of BHFAP traded up $0.07 during midday trading on Friday, reaching $21.16. 29,421 shares of the stock were exchanged, compared to its average volume of 30,964. The company’s 50 day moving average is $21.71 and its two-hundred day moving average is $23.31. Brighthouse Financial has a 52 week low of $20.19 and a 52 week high of $25.51.

Brighthouse Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 7.80%. The ex-dividend date is Monday, March 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.