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Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHFAM) Declines By 41.4%

kopsource ·  Apr 28, 2023 17:54

Brighthouse Financial, Inc. (NASDAQ:BHFAM – Get Rating) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 10,900 shares, a decline of 41.4% from the March 31st total of 18,600 shares. Based on an average daily trading volume, of 35,000 shares, the days-to-cover ratio is presently 0.3 days.

Brighthouse Financial Stock Performance

Shares of Brighthouse Financial stock traded down $0.07 during trading on Friday, reaching $15.33. The company's stock had a trading volume of 43,522 shares, compared to its average volume of 38,079. The company has a 50-day moving average price of $16.09 and a two-hundred day moving average price of $16.35. Brighthouse Financial has a fifty-two week low of $14.25 and a fifty-two week high of $21.22.

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Brighthouse Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 27th. Shareholders of record on Friday, March 10th were paid a $0.2891 dividend. The ex-dividend date of this dividend was Thursday, March 9th. This represents a $1.16 annualized dividend and a yield of 7.54%.

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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