Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 123,902 shares, an increase of 187.7% from the June 15th total of 43,059 shares. Based on an average trading volume of 87,770 shares, the short-interest ratio is presently 1.4 days.
Institutional Trading of Arch Capital Group
A hedge fund recently raised its stake in Arch Capital Group stock. GAMMA Investing LLC increased its position in Arch Capital Group Ltd. (NASDAQ:ACGLN – Free Report) by 12,890.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,897 shares of the company’s stock after purchasing an additional 3,867 shares during the quarter. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.
Arch Capital Group Stock Up 0.6%
Shares of NASDAQ ACGLN opened at $16.14 on Wednesday. Arch Capital Group has a 1-year low of $15.65 and a 1-year high of $18.34. The business has a 50-day moving average of $16.37 and a 200-day moving average of $16.92.
Arch Capital Group Dividend Announcement
About Arch Capital Group
Arch Capital Group Ltd is a Bermuda-based financial services company that provides insurance, reinsurance and mortgage insurance products through its subsidiaries. The company underwrites a broad array of property and casualty insurance, specialty insurance, and reinsurance business, designing customized solutions for clients across commercial, personal and specialty markets. Arch’s offerings include commercial casualty and property, directors and officers liability, professional liability, surety, and mortgage insurance products.
In its reinsurance segment, Arch writes treaty and facultative business lines, encompassing property catastrophe, casualty and specialty risks.
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