Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Up 12.9% in October

Arch Capital Group Ltd. (NASDAQ:ACGLN) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 30,600 shares, a growth of 12.9% from the October 15th total of 27,100 shares. Based on an average daily volume of 36,300 shares, the days-to-cover ratio is presently 0.8 days.

Arch Capital Group Price Performance

Shares of ACGLN opened at $20.04 on Friday. Arch Capital Group has a 52-week low of $18.85 and a 52-week high of $21.21. The business’s 50 day moving average price is $20.49 and its two-hundred day moving average price is $19.94.

Arch Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be paid a dividend of $0.2844 per share. This represents a $1.14 annualized dividend and a yield of 5.68%. The ex-dividend date of this dividend is Friday, December 13th.

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.