Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLN) Rises By 421.8%

Arch Capital Group Ltd. (NASDAQ:ACGLN) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 40,700 shares, an increase of 421.8% from the March 31st total of 7,800 shares. Based on an average daily trading volume, of 29,900 shares, the days-to-cover ratio is currently 1.4 days.

Arch Capital Group Stock Down 2.2 %

Arch Capital Group stock traded down $0.43 during midday trading on Thursday, hitting $19.25. 51,534 shares of the stock were exchanged, compared to its average volume of 29,218. The company has a fifty day simple moving average of $20.34 and a two-hundred day simple moving average of $19.60. Arch Capital Group has a 52 week low of $16.49 and a 52 week high of $21.21.

Arch Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, March 31st. Shareholders of record on Friday, March 15th were paid a $0.2844 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.14 dividend on an annualized basis and a yield of 5.91%. This is a positive change from Arch Capital Group’s previous quarterly dividend of $0.28.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.