Arch Capital Group Ltd. (NASDAQ:ACGLO) Short Interest Up 136.0% in May

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 28,778 shares, a growth of 136.0% from the April 30th total of 12,196 shares. Based on an average trading volume of 15,574 shares, the short-interest ratio is presently 1.8 days.

Arch Capital Group Price Performance

Arch Capital Group stock opened at $19.81 on Friday. Arch Capital Group has a twelve month low of $19.41 and a twelve month high of $22.20. The firm has a 50 day moving average price of $20.09 and a 200-day moving average price of $20.57.

Arch Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.3406 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Arch Capital Group Company Profile

Arch Capital Group Ltd, through its operating subsidiaries, is a global provider of insurance, reinsurance, and mortgage insurance products. The company offers property and casualty insurance for commercial and personal lines, including solutions for professional liability, marine, and energy risks. In addition, Arch Capital is active in the mortgage insurance sector, providing primary mortgage guaranty and portfolio reinsurance for residential and commercial mortgages. It also participates in specialty programs, such as political violence, aviation, and cyber coverage.

Founded in 2001 and headquartered in Pembroke, Bermuda, Arch Capital Group has established a presence across North America, Europe, and the Asia-Pacific region.