Brighthouse Financial, Inc. (NASDAQ:BHFAM) Short Interest Update

Posted by Donna Armstrong on Oct 27th, 2024

Brighthouse Financial, Inc. (NASDAQ:BHFAM – Get Free Report) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 29,400 shares, a decline of 31.9% from the September 30th total of 43,200 shares. Based on an average daily trading volume, of 32,300 shares, the days-to-cover ratio is currently 0.9 days.

Brighthouse Financial Trading Down 0.9 %

Shares of BHFAM traded down $0.16 on Friday, reaching $17.69. The stock had a trading volume of 18,724 shares, compared to its average volume of 34,481. The company has a 50-day simple moving average of $17.82 and a 200-day simple moving average of $16.80. Brighthouse Financial has a 12-month low of $13.03 and a 12-month high of $18.95.

Brighthouse Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.2891 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 6.54%.

About Brighthouse Financial

(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.