Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Down 17.0% in March

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 55,775 shares, a decrease of 17.0% from the February 26th total of 67,223 shares. Based on an average trading volume of 32,329 shares, the short-interest ratio is currently 1.7 days.

Arch Capital Group Price Performance

ACGLN stock opened at $16.61 on Tuesday. The firm has a fifty day moving average price of $17.38 and a 200 day moving average price of $17.43. Arch Capital Group has a fifty-two week low of $16.30 and a fifty-two week high of $18.34.

Arch Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Sunday, March 15th will be given a dividend of $0.2844 per share. The ex-dividend date is Friday, March 13th. This represents a $1.14 annualized dividend and a yield of 6.8%.

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.