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

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 15,400 shares, a growth of 144.4% from the March 15th total of 6,300 shares. Based on an average trading volume of 45,000 shares, the days-to-cover ratio is presently 0.3 days.

Arch Capital Group Stock Up 0.4 %

Shares of Arch Capital Group stock opened at $16.75 on Wednesday. Arch Capital Group has a fifty-two week low of $16.44 and a fifty-two week high of $20.99. The company has a fifty day moving average of $18.00 and a 200 day moving average of $18.92.

Arch Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Saturday, March 15th were paid a $0.2844 dividend. This represents a $1.14 annualized dividend and a dividend yield of 6.79%. This is a boost from Arch Capital Group’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, March 14th.

About Arch Capital Group

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.