Arch Capital Group Ltd. (NASDAQ:ACGLN) Sees Large Drop in Short Interest

Arch Capital Group Ltd. (NASDAQ:ACGLN) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 18,202 shares, a decline of 54.3% from the September 15th total of 39,810 shares. Based on an average trading volume of 64,129 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Arch Capital Group

A hedge fund recently raised its position in Arch Capital Group stock. GAMMA Investing LLC lifted its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGLN) by 12,890.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Arch Capital Group Stock Up 0.8%

NASDAQ ACGLN traded up $0.12 on Thursday, hitting $15.17. 12,512 shares of the company were exchanged, compared to its average volume of 48,398. Arch Capital Group has a 12 month low of $14.75 and a 12 month high of $18.11. The stock has a fifty day moving average of $15.63 and a 200-day moving average of $16.22.

About Arch Capital Group

Arch Capital Group Ltd. is a Bermuda-based insurance and reinsurance company that provides specialty risk solutions to businesses, institutions and individuals worldwide. The company operates through three primary segments: insurance, reinsurance and mortgage insurance.

Through its insurance operations, Arch offers property, casualty and specialty coverage, including professional liability, marine, aviation, construction, energy and other commercial lines. Its reinsurance business provides coverage to insurance companies across property, casualty, specialty and other risk categories.