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

Arch Capital Group Ltd. (NASDAQ:ACGLN) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 40,700 shares, a growth of 421.8% from the March 31st total of 7,800 shares. Based on an average daily trading volume, of 29,900 shares, the days-to-cover ratio is presently 1.4 days.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $19.46 on Friday. Arch Capital Group has a 1 year low of $16.49 and a 1 year high of $21.21. The business has a 50-day moving average of $20.32 and a 200-day moving average of $19.60.

Arch Capital Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, March 31st. Stockholders of record on Friday, March 15th were given a dividend of $0.2844 per share. This is a positive change from Arch Capital Group’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 5.85%. The ex-dividend date was Thursday, March 14th.

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.