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

kopsource ·  Jan 19, 2023 15:02

Brighthouse Financial, Inc. (NASDAQ:BHFAM – Get Rating) was the recipient of a large decline in short interest in December. As of December 30th, there was short interest totalling 7,500 shares, a decline of 83.1% from the December 15th total of 44,300 shares. Based on an average daily volume of 66,000 shares, the short-interest ratio is presently 0.1 days.

Brighthouse Financial Stock Performance

Brighthouse Financial stock traded up $0.07 during trading hours on Thursday, hitting $17.31. 94,186 shares of the stock traded hands, compared to its average volume of 56,481. Brighthouse Financial has a one year low of $14.81 and a one year high of $25.44. The firm's 50-day moving average price is $16.30 and its two-hundred day moving average price is $17.14.

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Brighthouse Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 27th. Stockholders of record on Saturday, December 10th were paid a $0.2891 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date was Thursday, December 8th.

Brighthouse Financial Company Profile

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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 offers 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.

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