Arch Capital Group Ltd. (NASDAQ:ACGLO) Sees Large Decrease in Short Interest

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 8,496 shares, a decrease of 57.0% from the May 31st total of 19,754 shares. Based on an average trading volume of 24,402 shares, the days-to-cover ratio is presently 0.3 days.

Arch Capital Group Trading Up 0.3%

ACGLO opened at $18.98 on Monday. The firm’s 50 day moving average is $19.83 and its 200-day moving average is $20.32. Arch Capital Group has a 52-week low of $18.71 and a 52-week high of $22.20.

Arch Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.3406 per share. This represents a $1.36 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.