Brighthouse Financial, Inc. (NASDAQ:BHFAM) Short Interest Up 58.3% in August

Brighthouse Financial, Inc. (NASDAQ:BHFAM) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 38,300 shares, a growth of 58.3% from the August 15th total of 24,200 shares. Based on an average trading volume of 27,300 shares, the short-interest ratio is presently 1.4 days.

Brighthouse Financial Price Performance

Shares of BHFAM traded up $0.07 during midday trading on Friday, reaching $17.67. The stock had a trading volume of 10,359 shares, compared to its average volume of 34,478. Brighthouse Financial has a 12-month low of $13.03 and a 12-month high of $17.73. The company’s 50-day moving average is $16.75 and its 200 day moving average is $16.48.

Brighthouse Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.2891 per share. This represents a $1.16 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date is Tuesday, September 10th.

About Brighthouse Financial

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.