Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Down 43.6% in April

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 39,090 shares, a decline of 43.6% from the April 15th total of 69,355 shares. Based on an average daily trading volume, of 19,815 shares, the days-to-cover ratio is presently 2.0 days.

Arch Capital Group Trading Down 0.7%

Shares of NASDAQ:ACGLN opened at $16.68 on Friday. The stock has a fifty day moving average of $16.97 and a 200-day moving average of $17.23. Arch Capital Group has a one year low of $16.30 and a one year high of $18.34.

Arch Capital Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.2844 per share. This represents a $1.14 annualized dividend and a dividend yield of 6.8%. 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.