Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLN) Grows By 187.7%

Arch Capital Group Ltd. (NASDAQ:ACGLN) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 123,902 shares, a growth of 187.7% from the June 15th total of 43,059 shares. Based on an average daily trading volume, of 87,770 shares, the short-interest ratio is presently 1.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Arch Capital Group stock. GAMMA Investing LLC boosted its position in Arch Capital Group Ltd. (NASDAQ:ACGLN) by 12,890.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,897 shares of the company’s stock after acquiring an additional 3,867 shares during the quarter. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

Arch Capital Group Trading Down 0.3%

ACGLN traded down $0.04 during trading on Monday, hitting $15.92. The company’s stock had a trading volume of 5,461 shares, compared to its average volume of 44,119. The firm’s 50 day moving average price is $16.42 and its 200-day moving average price is $16.93. Arch Capital Group has a twelve month low of $15.65 and a twelve month high of $18.34.

Arch Capital Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.2844 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Tuesday, September 15th.

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.