Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Down 39.4% in July

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 75,134 shares, a decrease of 39.4% from the June 30th total of 123,902 shares. Based on an average daily trading volume, of 35,305 shares, the days-to-cover ratio is currently 2.1 days.

Arch Capital Group Stock Up 0.6%

Shares of NASDAQ ACGLN opened at $16.45 on Friday. Arch Capital Group has a 1-year low of $15.65 and a 1-year high of $18.34. The business’s fifty day moving average price is $16.25 and its two-hundred day moving average price is $16.88.

Arch Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.2844 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Trading of Arch Capital Group

An institutional investor recently raised its position in Arch Capital Group stock. GAMMA Investing LLC raised its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGLN) by 12,890.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,897 shares of the company’s stock after purchasing an additional 3,867 shares during the period. 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.