Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLO) Expands By 191.3%

Arch Capital Group Ltd. (NASDAQ:ACGLO) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 24,748 shares, an increase of 191.3% from the June 15th total of 8,496 shares. Based on an average trading volume of 50,334 shares, the short-interest ratio is presently 0.5 days.

Arch Capital Group Stock Up 0.7%

NASDAQ:ACGLO opened at $19.08 on Tuesday. The stock has a 50 day moving average of $19.52 and a 200-day moving average of $20.19. Arch Capital Group has a 52 week low of $18.71 and a 52 week high of $22.20.

Arch Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.3406 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a yield of 7.1%.

About Arch Capital Group

Arch Capital Group Ltd, through its operating subsidiaries, is a global provider of insurance, reinsurance, and mortgage insurance products. The company offers property and casualty insurance for commercial and personal lines, including solutions for professional liability, marine, and energy risks. In addition, Arch Capital is active in the mortgage insurance sector, providing primary mortgage guaranty and portfolio reinsurance for residential and commercial mortgages. It also participates in specialty programs, such as political violence, aviation, and cyber coverage.

Founded in 2001 and headquartered in Pembroke, Bermuda, Arch Capital Group has established a presence across North America, Europe, and the Asia-Pacific region.