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

Brighthouse Financial, Inc. (NASDAQ:BHFAP) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 3,900 shares, a drop of 74.8% from the November 30th total of 15,500 shares. Based on an average daily trading volume, of 30,800 shares, the days-to-cover ratio is presently 0.1 days.

Brighthouse Financial Trading Up 0.5 %

Shares of BHFAP traded up $0.11 during mid-day trading on Thursday, reaching $22.12. The company had a trading volume of 63,424 shares, compared to its average volume of 27,956. The company’s 50 day simple moving average is $24.04 and its 200 day simple moving average is $23.94. Brighthouse Financial has a 1-year low of $21.35 and a 1-year high of $25.51.

Brighthouse Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, December 10th will be given a $0.4125 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.65 dividend on an annualized basis and a yield of 7.46%.

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.