Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLO) Drops By 20.0%

Arch Capital Group Ltd. (NASDAQ:ACGLOGet Free Report) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 31,200 shares, a decrease of 20.0% from the February 29th total of 39,000 shares. Based on an average daily trading volume, of 23,600 shares, the short-interest ratio is presently 1.3 days.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $23.63 on Friday. Arch Capital Group has a twelve month low of $19.20 and a twelve month high of $24.50. The business has a 50-day moving average price of $23.71 and a 200-day moving average price of $22.52.

Arch Capital Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 31st. Shareholders of record on Friday, March 15th will be paid a $0.3406 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date is Thursday, March 14th.

About Arch Capital Group

(Get Free Report)

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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