Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLO) Drops By 25.0%

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 17,400 shares, a drop of 25.0% from the December 31st total of 23,200 shares. Based on an average daily volume of 31,200 shares, the days-to-cover ratio is presently 0.6 days.

Arch Capital Group Stock Up 0.7 %

Shares of ACGLO opened at $21.83 on Friday. The firm’s 50 day moving average price is $21.93 and its 200 day moving average price is $22.82. Arch Capital Group has a twelve month low of $20.78 and a twelve month high of $24.50.

Arch Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Sunday, December 15th were given a dividend of $0.3406 per share. This represents a $1.36 annualized dividend and a yield of 6.24%. The ex-dividend date of this dividend was Friday, December 13th.

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.