Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Up 187.7% in June

Arch Capital Group Ltd. (NASDAQ:ACGLN) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 123,902 shares, an increase of 187.7% from the June 15th total of 43,059 shares. Based on an average daily volume of 87,770 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On Arch Capital Group

An institutional investor recently raised its stake in Arch Capital Group stock. GAMMA Investing LLC lifted its holdings in Arch Capital Group Ltd. (NASDAQ:ACGLN) by 12,890.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,897 shares of the company’s stock after acquiring an additional 3,867 shares during the period. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $64,000 as of its most recent SEC filing.

Arch Capital Group Stock Down 0.3%

Shares of NASDAQ:ACGLN traded down $0.04 during trading on Monday, reaching $15.92. 5,461 shares of the stock were exchanged, compared to its average volume of 44,119. Arch Capital Group has a 12-month low of $15.65 and a 12-month high of $18.34. The firm’s 50-day moving average price is $16.42 and its 200 day moving average price is $16.93.

Arch Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.2844 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.