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

Arch Capital Group Ltd. (NASDAQ:ACGLO) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 9,800 shares, a decline of 39.1% from the March 31st total of 16,100 shares. Based on an average daily volume of 16,700 shares, the days-to-cover ratio is currently 0.6 days.

Arch Capital Group Trading Down 1.7 %

NASDAQ ACGLO opened at $22.43 on Friday. Arch Capital Group has a 12 month low of $19.20 and a 12 month high of $24.50. The business’s 50-day moving average price is $23.54 and its two-hundred day moving average price is $22.81.

Arch Capital Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, March 31st. Shareholders of record on Friday, March 15th were given a dividend of $0.3406 per share. This represents a $1.36 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend was Thursday, March 14th.

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.