Arch Capital Group Ltd. (NASDAQ:ACGLN) Sees Significant Growth in Short Interest

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 30,600 shares, a growth of 12.9% from the October 15th total of 27,100 shares. Based on an average daily trading volume, of 36,300 shares, the days-to-cover ratio is presently 0.8 days.

Arch Capital Group Trading Down 0.3 %

Shares of ACGLN stock opened at $20.04 on Friday. The firm has a fifty day moving average price of $20.49 and a 200 day moving average price of $19.94. Arch Capital Group has a 12 month low of $18.85 and a 12 month high of $21.21.

Arch Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be paid a $0.2844 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.14 annualized dividend and a yield of 5.68%.

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.