Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLN) Decreases By 41.6%

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 53,689 shares, a decrease of 41.6% from the January 29th total of 91,957 shares. Based on an average daily volume of 34,519 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 34,519 shares, the days-to-cover ratio is presently 1.6 days.

Arch Capital Group Stock Down 0.6%

Shares of ACGLN opened at $17.60 on Friday. The company’s 50 day moving average price is $17.39 and its 200 day moving average price is $17.55. Arch Capital Group has a 52 week low of $16.44 and a 52 week high of $18.96.

Arch Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Sunday, March 15th will be issued a dividend of $0.2844 per share. This represents a $1.14 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Friday, March 13th.

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.