Arch Capital Group Ltd. (NASDAQ:ACGLO) Short Interest Down 29.5% in February

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 18,200 shares, a drop of 29.5% from the January 31st total of 25,800 shares. Based on an average daily trading volume, of 31,400 shares, the days-to-cover ratio is currently 0.6 days.

Arch Capital Group Stock Down 1.0 %

NASDAQ ACGLO opened at $21.60 on Wednesday. Arch Capital Group has a 1-year low of $20.78 and a 1-year high of $24.50. The business’s 50-day simple moving average is $21.65 and its 200-day simple moving average is $22.64.

Arch Capital Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Saturday, March 15th will be paid a dividend of $0.3406 per share. The ex-dividend date is Friday, March 14th. This represents a $1.36 annualized dividend and a yield of 6.31%.

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.