Brighthouse Financial, Inc. (NASDAQ:BHFAO) Sees Large Increase in Short Interest

by · The Cerbat Gem

Brighthouse Financial, Inc. (NASDAQ:BHFAO – Get Free Report) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 19,324 shares, a growth of 142.0% from the December 31st total of 7,985 shares. Based on an average daily volume of 38,816 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 38,816 shares, the short-interest ratio is currently 0.5 days.

Brighthouse Financial Stock Performance

Shares of NASDAQ:BHFAO traded down $0.14 during mid-day trading on Friday, reaching $17.14. The stock had a trading volume of 35,201 shares, compared to its average volume of 39,895. Brighthouse Financial has a twelve month low of $14.19 and a twelve month high of $22.85. The firm has a 50 day simple moving average of $16.23 and a two-hundred day simple moving average of $16.66.

Brighthouse Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 10th were given a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend was Wednesday, December 10th.

Brighthouse Financial Company Profile

(Get Free Report)

Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products focused on helping individuals secure retirement income and long-term financial protection. Established in August 2017 as a corporate spin-off from MetLife, Brighthouse offers a range of solutions designed to address market volatility, longevity risk and the need for guaranteed income streams. The company’s product portfolio includes fixed annuities, fixed indexed annuities, variable annuities and life insurance policies.

The company distributes its products through a network of independent broker-dealers, banks, registered investment advisers and career agents.

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