Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLO) Declines By 39.1%

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 9,800 shares, a drop of 39.1% from the March 31st total of 16,100 shares. Based on an average trading volume of 16,700 shares, the days-to-cover ratio is presently 0.6 days.

Arch Capital Group Stock Performance

NASDAQ ACGLO opened at $22.43 on Friday. Arch Capital Group has a fifty-two week low of $19.20 and a fifty-two week high of $24.50. The stock has a 50 day simple moving average of $23.51 and a two-hundred day simple moving average of $22.83.

Arch Capital Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 31st. Shareholders of record on Friday, March 15th were issued a $0.3406 dividend. This represents a $1.36 annualized dividend and a yield of 6.07%. The ex-dividend date of this dividend was Thursday, March 14th.

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.