Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLO) Drops By 57.0%

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 8,496 shares, a decrease of 57.0% from the May 31st total of 19,754 shares. Based on an average daily trading volume, of 24,402 shares, the short-interest ratio is currently 0.3 days.

Arch Capital Group Stock Down 0.4%

ACGLO stock traded down $0.07 during trading on Tuesday, reaching $19.05. 2,075 shares of the stock were exchanged, compared to its average volume of 25,589. Arch Capital Group has a twelve month low of $18.71 and a twelve month high of $22.20. The stock has a 50 day simple moving average of $19.80 and a 200-day simple moving average of $20.30.

Arch Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.3406 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 7.2%.

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.