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

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the recipient of a large drop in short interest in 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 daily trading volume, of 16,700 shares, the days-to-cover ratio is presently 0.6 days.

Arch Capital Group Price Performance

ACGLO opened at $22.43 on Friday. The company’s 50 day simple moving average is $23.51 and its two-hundred day simple moving average is $22.83. Arch Capital Group has a 1-year low of $19.20 and a 1-year high of $24.50.

Arch Capital Group Cuts Dividend

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

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.