Arch Capital Group Ltd. (NASDAQ:ACGLO) Sees Large Growth in Short Interest

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 2,300 shares, a growth of 43.8% from the May 31st total of 1,600 shares. Based on an average trading volume of 15,100 shares, the short-interest ratio is presently 0.2 days.

Arch Capital Group Trading Down 0.6 %

Shares of Arch Capital Group stock opened at $22.40 on Friday. Arch Capital Group has a 12-month low of $19.20 and a 12-month high of $24.50. The business’s 50 day moving average is $22.54 and its 200-day moving average is $23.17.

Arch Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Saturday, June 15th will be issued a $0.3406 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 6.08%. This is a positive change from Arch Capital Group’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, June 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.