Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAM) Drops By 54.9%

Brighthouse Financial, Inc. (NASDAQ:BHFAM) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 4,100 shares, a decline of 54.9% from the March 31st total of 9,100 shares. Based on an average daily volume of 43,900 shares, the days-to-cover ratio is presently 0.1 days.

Brighthouse Financial Stock Performance

Shares of NASDAQ:BHFAM traded up $0.25 on Friday, hitting $15.85. 6,585 shares of the company were exchanged, compared to its average volume of 40,958. The company’s 50 day moving average price is $16.41 and its two-hundred day moving average price is $15.55. Brighthouse Financial has a one year low of $12.45 and a one year high of $17.19.

Brighthouse Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Sunday, March 10th were issued a dividend of $0.2891 per share. This is an increase from Brighthouse Financial’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.16 annualized dividend and a dividend yield of 7.29%.

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.