Brighthouse Financial, Inc. (NASDAQ:BHFAO) Short Interest Up 31.9% in April

Brighthouse Financial, Inc. (NASDAQ:BHFAOGet Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 82,700 shares, a growth of 31.9% from the April 15th total of 62,700 shares. Based on an average daily volume of 29,100 shares, the days-to-cover ratio is currently 2.8 days.

Brighthouse Financial Stock Performance

Shares of BHFAO traded down $0.19 during trading hours on Tuesday, hitting $24.00. The stock had a trading volume of 34,999 shares, compared to its average volume of 29,408. The firm has a 50-day moving average price of $24.36 and a 200 day moving average price of $23.56. Brighthouse Financial has a fifty-two week low of $19.53 and a fifty-two week high of $25.51.

Brighthouse Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Sunday, March 10th were given a dividend of $0.4219 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.69 dividend on an annualized basis and a yield of 7.03%.

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.

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