Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLN) Grows By 85.9%

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 139,689 shares, a growth of 85.9% from the July 15th total of 75,134 shares. Based on an average daily volume of 49,023 shares, the short-interest ratio is presently 2.8 days.

Arch Capital Group Price Performance

Shares of NASDAQ ACGLN opened at $16.27 on Friday. Arch Capital Group has a 52-week low of $15.65 and a 52-week high of $18.34. The business has a 50-day moving average price of $16.20 and a 200 day moving average price of $16.80.

Institutional Investors Weigh In On Arch Capital Group

A hedge fund recently raised its position in Arch Capital Group stock. GAMMA Investing LLC grew its position in Arch Capital Group Ltd. (NASDAQ:ACGLN) by 12,890.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,897 shares of the company’s stock after acquiring an additional 3,867 shares during the quarter. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $64,000 at the end of the most recent reporting period.

About Arch Capital Group

Arch Capital Group Ltd is a Bermuda-based financial services company that provides insurance, reinsurance and mortgage insurance products through its subsidiaries. The company underwrites a broad array of property and casualty insurance, specialty insurance, and reinsurance business, designing customized solutions for clients across commercial, personal and specialty markets. Arch’s offerings include commercial casualty and property, directors and officers liability, professional liability, surety, and mortgage insurance products.

In its reinsurance segment, Arch writes treaty and facultative business lines, encompassing property catastrophe, casualty and specialty risks.