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

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

Arch Capital Group Trading Up 1.2%

Shares of NASDAQ ACGLO opened at $19.30 on Wednesday. The stock has a 50 day simple moving average of $19.50 and a 200-day simple moving average of $20.18. Arch Capital Group has a 12-month low of $18.71 and a 12-month high of $22.20.

Arch Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.3406 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.36 annualized dividend 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.