Arch Capital Group Ltd. (NASDAQ:ACGLN) Sees Large Increase in Short Interest

Arch Capital Group Ltd. (NASDAQ:ACGLN) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 32,400 shares, an increase of 653.5% from the December 31st total of 4,300 shares. Based on an average daily trading volume, of 46,500 shares, the days-to-cover ratio is currently 0.7 days.

Arch Capital Group Price Performance

Shares of ACGLN stock opened at $18.58 on Thursday. The firm has a 50 day moving average of $18.70 and a two-hundred day moving average of $19.67. Arch Capital Group has a 52 week low of $17.35 and a 52 week high of $21.21.

Arch Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Sunday, December 15th were issued a $0.2844 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.14 dividend on an annualized basis and a yield of 6.12%.

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.