Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Up 144.4% in March

Arch Capital Group Ltd. (NASDAQ:ACGLN) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 15,400 shares, a growth of 144.4% from the March 15th total of 6,300 shares. Based on an average daily volume of 45,000 shares, the days-to-cover ratio is presently 0.3 days.

Arch Capital Group Trading Up 0.1 %

Shares of NASDAQ:ACGLN opened at $16.69 on Tuesday. The business’s 50 day moving average price is $18.04 and its 200-day moving average price is $18.93. Arch Capital Group has a 1 year low of $16.44 and a 1 year high of $20.99.

Arch Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Saturday, March 15th were given a $0.2844 dividend. This represents a $1.14 annualized dividend and a dividend yield of 6.82%. The ex-dividend date was Friday, March 14th. This is an increase from Arch Capital Group’s previous quarterly dividend of $0.28.

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.