Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLN) Decreases By 43.6%

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 39,090 shares, a drop of 43.6% from the April 15th total of 69,355 shares. Based on an average trading volume of 19,815 shares, the days-to-cover ratio is presently 2.0 days.

Arch Capital Group Stock Up 0.3%

Arch Capital Group stock traded up $0.05 during midday trading on Monday, hitting $16.73. 8,447 shares of the stock were exchanged, compared to its average volume of 39,784. The company has a fifty day simple moving average of $16.97 and a two-hundred day simple moving average of $17.22. Arch Capital Group has a 52 week low of $16.30 and a 52 week high of $18.34.

Arch Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.2844 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.14 dividend on an annualized basis and a yield of 6.8%.

Arch Capital Group Company Profile

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.