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

Brighthouse Financial, Inc. (NASDAQ:BHFAM) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totalling 24,200 shares, a decrease of 13.6% from the July 31st total of 28,000 shares. Based on an average trading volume of 26,600 shares, the days-to-cover ratio is presently 0.9 days.

Brighthouse Financial Stock Down 1.8 %

BHFAM stock traded down $0.30 during midday trading on Friday, reaching $16.75. 134,062 shares of the company were exchanged, compared to its average volume of 34,963. The stock’s 50-day simple moving average is $16.60 and its 200 day simple moving average is $16.41. Brighthouse Financial has a 1-year low of $13.03 and a 1-year high of $17.19.

Brighthouse Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.2891 per share. This represents a $1.16 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend is 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.