Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLN) Drops By 17.0%

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a significant decrease in short interest in the month of 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 daily volume of 32,329 shares, the days-to-cover ratio is currently 1.7 days.

Arch Capital Group Price Performance

Shares of NASDAQ ACGLN opened at $16.56 on Monday. Arch Capital Group has a 1 year low of $16.30 and a 1 year high of $18.34. The firm has a fifty day moving average price of $17.40 and a 200-day moving average price of $17.44.

Arch Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Sunday, March 15th will be issued a $0.2844 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.14 annualized dividend and a yield of 6.9%.

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.