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

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 40,366 shares, a growth of 77.7% from the November 30th total of 22,719 shares. Based on an average daily volume of 25,794 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 25,794 shares, the days-to-cover ratio is currently 1.6 days.

Arch Capital Group Trading Up 0.3%

Shares of ACGLO opened at $20.23 on Friday. The firm has a 50-day simple moving average of $21.06 and a two-hundred day simple moving average of $21.11. Arch Capital Group has a 1-year low of $19.99 and a 1-year high of $22.25.

Arch Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.3406 per share. This is an increase from Arch Capital Group’s previous quarterly dividend of $0.34. This represents a $1.36 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Monday, December 15th.

About Arch Capital Group

Arch Capital Group Ltd, through its operating subsidiaries, is a global provider of insurance, reinsurance, and mortgage insurance products. The company offers property and casualty insurance for commercial and personal lines, including solutions for professional liability, marine, and energy risks. In addition, Arch Capital is active in the mortgage insurance sector, providing primary mortgage guaranty and portfolio reinsurance for residential and commercial mortgages. It also participates in specialty programs, such as political violence, aviation, and cyber coverage.

Founded in 2001 and headquartered in Pembroke, Bermuda, Arch Capital Group has established a presence across North America, Europe, and the Asia-Pacific region.