Brighthouse Financial, Inc. (NASDAQ:BHFAM) Short Interest Down 31.9% in October

Brighthouse Financial, Inc. (NASDAQ:BHFAM) saw a large decline in short interest in 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 volume of 32,300 shares, the short-interest ratio is currently 0.9 days.

Brighthouse Financial Stock Performance

Shares of BHFAM traded down $0.33 on Tuesday, reaching $17.23. The stock had a trading volume of 7,046 shares, compared to its average volume of 34,331. The firm has a 50-day moving average of $17.83 and a 200 day moving average of $16.82. Brighthouse Financial has a twelve month low of $13.15 and a twelve month high of $18.95.

Brighthouse Financial Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.2891 per share. This represents a $1.16 dividend on an annualized basis and a yield of 6.71%. 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.