Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLO) Drops By 25.9%

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 23,588 shares, a drop of 25.9% from the February 26th total of 31,851 shares. Based on an average trading volume of 17,630 shares, the short-interest ratio is presently 1.3 days.

Arch Capital Group Price Performance

ACGLO opened at $19.61 on Friday. The stock has a fifty day moving average price of $20.74 and a 200 day moving average price of $21.05. Arch Capital Group has a 1 year low of $19.56 and a 1 year high of $22.20.

Arch Capital Group Announces Dividend

The company 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 $0.3406 per share. This represents a $1.36 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Friday, March 13th.

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.