Arch Capital Group Ltd. (NASDAQ:ACGLO) Short Interest Update

Arch Capital Group Ltd. (NASDAQ:ACGLO) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 40,366 shares, a growth of 77.7% from the November 30th total of 22,719 shares. Based on an average daily volume of 25,794 shares, the short-interest ratio is presently 1.6 days. Based on an average daily volume of 25,794 shares, the short-interest ratio is presently 1.6 days.

Arch Capital Group Price Performance

Shares of ACGLO stock opened at $20.20 on Tuesday. Arch Capital Group has a 52-week low of $19.99 and a 52-week high of $22.25. The business has a 50-day simple moving average of $21.03 and a 200-day simple moving average of $21.11.

Arch Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.3406 dividend. The ex-dividend date of this dividend is Monday, December 15th. This is a boost from Arch Capital Group’s previous quarterly dividend of $0.34. This represents a $1.36 dividend on an annualized basis and a yield of 6.7%.

About Arch Capital Group

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.