Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLN) Rises By 62.7%

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 90,742 shares, an increase of 62.7% from the March 15th total of 55,775 shares. Based on an average daily volume of 49,013 shares, the short-interest ratio is currently 1.9 days.

Arch Capital Group Trading Up 0.9%

Arch Capital Group stock opened at $17.16 on Tuesday. The firm has a 50 day simple moving average of $17.18 and a 200-day simple moving average of $17.34. Arch Capital Group has a 12-month low of $16.30 and a 12-month high of $18.34.

Arch Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Sunday, March 15th were issued a $0.2844 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.14 annualized dividend and a dividend yield of 6.6%.

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.