Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Down 22.4% in December

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 8,251 shares, a decline of 22.4% from the December 15th total of 10,632 shares. Based on an average daily trading volume, of 66,561 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 66,561 shares, the short-interest ratio is presently 0.1 days.

Arch Capital Group Stock Performance

NASDAQ:ACGLN opened at $17.52 on Friday. Arch Capital Group has a 1 year low of $16.44 and a 1 year high of $19.17. The stock’s fifty day moving average price is $17.10 and its two-hundred day moving average price is $17.42.

Arch Capital Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $0.2844 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.14 dividend on an annualized basis and a yield of 6.5%.

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.