Arch Capital Group Ltd. (NASDAQ:ACGLN) Short Interest Down 23.9% in May

Arch Capital Group Ltd. (NASDAQ:ACGLNGet Free Report) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 8,900 shares, a decline of 23.9% from the April 30th total of 11,700 shares. Based on an average daily volume of 30,200 shares, the short-interest ratio is presently 0.3 days.

Arch Capital Group Trading Up 0.9 %

NASDAQ:ACGLN opened at $19.50 on Friday. The stock has a fifty day simple moving average of $19.87 and a 200 day simple moving average of $19.98. Arch Capital Group has a 1-year low of $16.49 and a 1-year high of $21.21.

Arch Capital Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Saturday, June 15th will be paid a dividend of $0.2844 per share. This represents a $1.14 annualized dividend and a yield of 5.83%. The ex-dividend date is Friday, June 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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