Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Up 421.8% in April

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 40,700 shares, a growth of 421.8% from the March 31st total of 7,800 shares. Based on an average trading volume of 29,900 shares, the days-to-cover ratio is presently 1.4 days.

Arch Capital Group Stock Down 2.2 %

ACGLN opened at $19.25 on Friday. Arch Capital Group has a twelve month low of $16.49 and a twelve month high of $21.21. The firm’s 50-day simple moving average is $20.34 and its 200-day simple moving average is $19.60.

Arch Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 31st. Shareholders of record on Friday, March 15th were paid a dividend of $0.2844 per share. This represents a $1.14 annualized dividend and a yield of 5.91%. This is a boost from Arch Capital Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, March 14th.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.