Arch Capital Group Ltd. (NASDAQ:ACGLN) Sees Significant Growth in Short Interest

Arch Capital Group Ltd. (NASDAQ:ACGLN) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 40,700 shares, an increase of 421.8% from the March 31st total of 7,800 shares. Based on an average daily trading volume, of 29,900 shares, the days-to-cover ratio is presently 1.4 days.

Arch Capital Group Trading Up 1.1 %

Shares of NASDAQ ACGLN opened at $19.46 on Friday. Arch Capital Group has a 12 month low of $16.49 and a 12 month high of $21.21. The company has a 50-day simple moving average of $20.32 and a 200-day simple moving average of $19.60.

Arch Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, March 31st. Stockholders of record on Friday, March 15th were issued a dividend of $0.2844 per share. The ex-dividend date was Thursday, March 14th. This is an increase from Arch Capital Group’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 5.85%.

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.