Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Update

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 139,689 shares, a growth of 85.9% from the July 15th total of 75,134 shares. Based on an average daily volume of 49,023 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Investors Weigh In On Arch Capital Group

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

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $16.27 on Monday. Arch Capital Group has a 52 week low of $15.65 and a 52 week high of $18.34. The business’s 50-day simple moving average is $16.20 and its 200-day simple moving average is $16.79.

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.