Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLN) Decreases By 80.2%

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 6,300 shares, a decline of 80.2% from the February 28th total of 31,800 shares. Based on an average trading volume of 46,900 shares, the days-to-cover ratio is currently 0.1 days.

Arch Capital Group Stock Performance

Shares of ACGLN traded down $0.14 during trading hours on Wednesday, reaching $17.47. The company had a trading volume of 74,081 shares, compared to its average volume of 35,666. The firm has a 50 day simple moving average of $18.50 and a 200-day simple moving average of $19.29. Arch Capital Group has a 12-month low of $17.35 and a 12-month high of $20.99.

Arch Capital Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Saturday, March 15th will be given a dividend of $0.2844 per share. This is a boost from Arch Capital Group’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, March 14th. This represents a $1.14 annualized dividend and a dividend yield of 6.51%.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.