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

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 8,251 shares, a drop of 22.4% from the December 15th total of 10,632 shares. Based on an average daily volume of 66,561 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 66,561 shares, the days-to-cover ratio is currently 0.1 days.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $17.52 on Tuesday. Arch Capital Group has a 1 year low of $16.44 and a 1 year high of $19.17. The company’s 50-day moving average is $17.10 and its two-hundred day moving average is $17.43.

Arch Capital Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a dividend of $0.2844 per share. The ex-dividend date was Monday, December 15th. This represents a $1.14 annualized dividend and a dividend yield of 6.5%.

About Arch Capital Group

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.