Arch Capital Group Ltd. (NASDAQ:ACGLO) Short Interest Update

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 21,400 shares, a growth of 42.7% from the February 28th total of 15,000 shares. Based on an average daily volume of 29,300 shares, the days-to-cover ratio is currently 0.7 days.

Arch Capital Group Stock Down 0.7 %

Shares of NASDAQ:ACGLO opened at $20.89 on Friday. Arch Capital Group has a 52-week low of $20.74 and a 52-week high of $23.92. The company has a 50 day moving average of $21.59 and a two-hundred day moving average of $22.37.

Arch Capital Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Saturday, March 15th will be paid a $0.3406 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.36 dividend on an annualized basis and a yield of 6.52%.

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.