Arch Capital Group Ltd. (NASDAQ:ACGLO) Short Interest Update

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 28,778 shares, a growth of 136.0% from the April 30th total of 12,196 shares. Based on an average daily volume of 15,574 shares, the days-to-cover ratio is currently 1.8 days.

Arch Capital Group Stock Down 0.4%

Shares of ACGLO stock traded down $0.09 during trading hours on Tuesday, reaching $19.73. 17,278 shares of the company’s stock were exchanged, compared to its average volume of 23,995. The business has a fifty day moving average price of $20.08 and a 200-day moving average price of $20.56. Arch Capital Group has a fifty-two week low of $19.41 and a fifty-two week high of $22.20.

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 $0.3406 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a yield of 6.9%.

About Arch Capital Group

Arch Capital Group Ltd, through its operating subsidiaries, is a global provider of insurance, reinsurance, and mortgage insurance products. The company offers property and casualty insurance for commercial and personal lines, including solutions for professional liability, marine, and energy risks. In addition, Arch Capital is active in the mortgage insurance sector, providing primary mortgage guaranty and portfolio reinsurance for residential and commercial mortgages. It also participates in specialty programs, such as political violence, aviation, and cyber coverage.

Founded in 2001 and headquartered in Pembroke, Bermuda, Arch Capital Group has established a presence across North America, Europe, and the Asia-Pacific region.