Arch Capital Group Ltd. (NASDAQ:ACGLO) Sees Large Increase in Short Interest

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 16,491 shares, an increase of 49.3% from the December 31st total of 11,048 shares. Based on an average trading volume of 26,855 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 26,855 shares, the days-to-cover ratio is currently 0.6 days.

Arch Capital Group Price Performance

NASDAQ ACGLO opened at $21.18 on Friday. Arch Capital Group has a 12 month low of $19.99 and a 12 month high of $22.20. The stock’s 50 day moving average is $20.80 and its 200 day moving average is $21.17.

Arch Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a dividend of $0.3406 per share. This is a boost from Arch Capital Group’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, December 15th. This represents a $1.36 annualized dividend and a dividend yield of 6.4%.

About Arch Capital Group

Arch Capital Group Ltd, through its operating subsidiaries, is a global provider of insurance, reinsurance, and mortgage insurance products. The company offers property and casualty insurance for commercial and personal lines, including solutions for professional liability, marine, and energy risks. In addition, Arch Capital is active in the mortgage insurance sector, providing primary mortgage guaranty and portfolio reinsurance for residential and commercial mortgages. It also participates in specialty programs, such as political violence, aviation, and cyber coverage.

Founded in 2001 and headquartered in Pembroke, Bermuda, Arch Capital Group has established a presence across North America, Europe, and the Asia-Pacific region.