Arch Capital Group Ltd. (NASDAQ:ACGLO) Short Interest Down 25.9% in March

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 23,588 shares, a decline of 25.9% from the February 26th total of 31,851 shares. Based on an average trading volume of 17,630 shares, the days-to-cover ratio is presently 1.3 days.

Arch Capital Group Stock Performance

Shares of ACGLO opened at $19.61 on Friday. The company’s fifty day moving average is $20.74 and its 200-day moving average is $21.05. Arch Capital Group has a 12 month low of $19.56 and a 12 month high of $22.20.

Arch Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Sunday, March 15th will be issued a $0.3406 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.36 dividend on an annualized basis and a yield of 6.9%.

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.