Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLN) Drops By 39.4%

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 75,134 shares, a decline of 39.4% from the June 30th total of 123,902 shares. Based on an average daily trading volume, of 35,305 shares, the days-to-cover ratio is currently 2.1 days.

Arch Capital Group Trading Down 0.2%

Shares of NASDAQ:ACGLN opened at $16.33 on Thursday. Arch Capital Group has a 52-week low of $15.65 and a 52-week high of $18.34. The company has a fifty day moving average of $16.26 and a 200-day moving average of $16.89.

Arch Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.2844 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.14 dividend on an annualized basis and a yield of 7.0%.

Hedge Funds Weigh In On Arch Capital Group

An institutional investor recently raised its stake in Arch Capital Group stock. GAMMA Investing LLC lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGLN) by 12,890.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,897 shares of the company’s stock after purchasing an additional 3,867 shares during the period. 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.

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.