Arch Capital Group Ltd. (NASDAQ:ACGLO) Sees Significant Drop in Short Interest

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 15,000 shares, a decrease of 17.6% from the February 13th total of 18,200 shares. Based on an average daily trading volume, of 30,600 shares, the short-interest ratio is currently 0.5 days.

Arch Capital Group Trading Down 0.5 %

Shares of Arch Capital Group stock opened at $21.11 on Wednesday. The stock has a 50 day moving average of $21.63 and a 200 day moving average of $22.49. Arch Capital Group has a fifty-two week low of $20.78 and a fifty-two week high of $23.92.

Arch Capital Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Saturday, March 15th will be given a dividend of $0.3406 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date of this dividend is Friday, 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.