Brighthouse Financial, Inc. (NASDAQ:BHFAM) Sees Significant Growth in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAM) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 43,200 shares, a growth of 127.4% from the September 15th total of 19,000 shares. Based on an average trading volume of 29,900 shares, the short-interest ratio is presently 1.4 days.

Brighthouse Financial Stock Up 2.0 %

NASDAQ:BHFAM traded up $0.37 during mid-day trading on Friday, hitting $18.52. 11,707 shares of the company’s stock were exchanged, compared to its average volume of 34,299. Brighthouse Financial has a fifty-two week low of $13.03 and a fifty-two week high of $18.95. The company has a 50 day simple moving average of $17.52 and a 200-day simple moving average of $16.72.

Brighthouse Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.2891 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.24%.

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.