Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Up 187.7% in June

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 123,902 shares, an increase of 187.7% from the June 15th total of 43,059 shares. Based on an average daily trading volume, of 87,770 shares, the days-to-cover ratio is presently 1.4 days.

Arch Capital Group Trading Up 0.6%

Shares of NASDAQ:ACGLN opened at $16.05 on Tuesday. The business’s 50-day simple moving average is $16.39 and its 200 day simple moving average is $16.93. Arch Capital Group has a one year low of $15.65 and a one year high of $18.34.

Arch Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.2844 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.1%.

Institutional Investors Weigh In On Arch Capital Group

An institutional investor recently raised its stake in Arch Capital Group stock. GAMMA Investing LLC boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGLN) by 12,890.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,897 shares of the company’s stock after buying an additional 3,867 shares during the quarter. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $64,000 at the end of the most recent quarter.

Arch Capital Group Company Profile

Arch Capital Group Ltd is a Bermuda-based financial services company that provides insurance, reinsurance and mortgage insurance products through its subsidiaries. The company underwrites a broad array of property and casualty insurance, specialty insurance, and reinsurance business, designing customized solutions for clients across commercial, personal and specialty markets. Arch’s offerings include commercial casualty and property, directors and officers liability, professional liability, surety, and mortgage insurance products.

In its reinsurance segment, Arch writes treaty and facultative business lines, encompassing property catastrophe, casualty and specialty risks.