Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Free Report) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 46,944 shares, a decrease of 61.3% from the August 15th total of 121,341 shares. Based on an average trading volume of 36,765 shares, the short-interest ratio is currently 1.3 days.
Arch Capital Group Stock Down 0.3%
Shares of ACGLN traded down $0.05 during trading hours on Friday, reaching $15.61. The stock had a trading volume of 28,035 shares, compared to its average volume of 45,041. The company’s 50-day moving average is $16.13 and its two-hundred day moving average is $16.55. Arch Capital Group has a 12 month low of $15.43 and a 12 month high of $18.31.
Hedge Funds Weigh In On Arch Capital Group
A hedge fund recently raised its position in Arch Capital Group stock. GAMMA Investing LLC increased its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGLN – Free Report) by 12,890.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,897 shares of the company’s stock after buying an additional 3,867 shares during the quarter. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $64,000 at the end of the most recent quarter.
Arch Capital Group Company Profile
Arch Capital Group Ltd is a Bermuda-based financial services company that provides insurance, reinsurance and mortgage insurance products through its subsidiaries. The company underwrites a broad array of property and casualty insurance, specialty insurance, and reinsurance business, designing customized solutions for clients across commercial, personal and specialty markets. Arch’s offerings include commercial casualty and property, directors and officers liability, professional liability, surety, and mortgage insurance products.
In its reinsurance segment, Arch writes treaty and facultative business lines, encompassing property catastrophe, casualty and specialty risks.
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