Brighthouse Financial, Inc. (NASDAQ:BHFAN) Short Interest Down 60.3% in October

Brighthouse Financial, Inc. (NASDAQ:BHFAN) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 10,600 shares, a drop of 60.3% from the September 30th total of 26,700 shares. Based on an average trading volume of 64,800 shares, the days-to-cover ratio is currently 0.2 days.

Brighthouse Financial Price Performance

Shares of BHFAN opened at $20.74 on Friday. The stock has a 50 day moving average of $20.23 and a 200 day moving average of $19.50. Brighthouse Financial has a 12 month low of $15.10 and a 12 month high of $21.63.

Brighthouse Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th were given a dividend of $0.3359 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.48%. This is an increase from Brighthouse Financial’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, September 10th.

Brighthouse Financial Company Profile

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.