Arch Capital Group Ltd. (NASDAQ:ACGLO) Short Interest Update

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 8,496 shares, a drop of 57.0% from the May 31st total of 19,754 shares. Based on an average daily volume of 24,402 shares, the days-to-cover ratio is currently 0.3 days.

Arch Capital Group Trading Down 0.4%

Arch Capital Group stock traded down $0.08 during midday trading on Wednesday, reaching $19.05. The company’s stock had a trading volume of 7,001 shares, compared to its average volume of 26,314. The stock’s 50-day simple moving average is $19.77 and its 200-day simple moving average is $20.29. 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 $0.3406 dividend. This represents a $1.36 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.