Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLO) Grows By 42.7%

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 21,400 shares, an increase of 42.7% from the February 28th total of 15,000 shares. Based on an average daily trading volume, of 29,300 shares, the short-interest ratio is currently 0.7 days.

Arch Capital Group Stock Down 0.7 %

Shares of NASDAQ:ACGLO opened at $20.89 on Monday. The firm’s 50 day simple moving average is $21.59 and its two-hundred day simple moving average is $22.36. Arch Capital Group has a 1-year low of $20.74 and a 1-year high of $23.92.

Arch Capital Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Saturday, March 15th will be issued a $0.3406 dividend. This represents a $1.36 annualized dividend and a yield of 6.52%. The ex-dividend date is Friday, March 14th.

About Arch Capital Group

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.