Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 32,400 shares, an increase of 653.5% from the December 31st total of 4,300 shares. Based on an average trading volume of 46,500 shares, the short-interest ratio is currently 0.7 days.
Arch Capital Group Stock Down 1.1 %
ACGLN stock traded down $0.22 during mid-day trading on Tuesday, reaching $18.95. The company had a trading volume of 14,054 shares, compared to its average volume of 54,125. The stock has a 50 day simple moving average of $18.74 and a two-hundred day simple moving average of $19.69. Arch Capital Group has a 52 week low of $17.35 and a 52 week high of $21.21.
Arch Capital Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th were issued a dividend of $0.2844 per share. The ex-dividend date was Friday, December 13th. This represents a $1.14 annualized dividend and a dividend yield of 6.00%.
About Arch Capital Group
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.
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