Brighthouse Financial, Inc. (NASDAQ:BHFAO) Short Interest Up 39.5% in June

Posted by Alanna Baker on Jul 1st, 2024

Brighthouse Financial, Inc. (NASDAQ:BHFAO – Get Free Report) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 48,700 shares, a growth of 39.5% from the May 31st total of 34,900 shares. Based on an average trading volume of 25,800 shares, the days-to-cover ratio is currently 1.9 days.

Brighthouse Financial Price Performance

Shares of NASDAQ BHFAO traded down $0.19 during midday trading on Monday, hitting $24.83. 24,651 shares of the stock traded hands, compared to its average volume of 28,476. The firm has a 50-day moving average of $23.97 and a two-hundred day moving average of $24.09. Brighthouse Financial has a one year low of $19.53 and a one year high of $25.50.

Brighthouse Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th were paid a $0.4219 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.69 annualized dividend and a dividend yield of 6.80%.

Brighthouse Financial Company Profile

(Get Free Report)

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.