Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLO) Increases By 112.6%

Arch Capital Group Ltd. (NASDAQ:ACGLO) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 96,500 shares, a growth of 112.6% from the March 31st total of 45,400 shares. Based on an average daily volume of 27,200 shares, the short-interest ratio is presently 3.5 days.

Arch Capital Group Trading Down 0.3 %

Shares of ACGLO opened at $20.77 on Tuesday. Arch Capital Group has a 1-year low of $19.99 and a 1-year high of $23.92. The firm has a 50-day simple moving average of $20.98 and a two-hundred day simple moving average of $21.86.

Arch Capital Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Saturday, March 15th were given a dividend of $0.3406 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date of this dividend was Friday, 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.