Arch Capital Group Ltd. (NASDAQ:ACGLO) Short Interest Down 39.1% in April

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 9,800 shares, a decline of 39.1% from the March 31st total of 16,100 shares. Based on an average daily volume of 16,700 shares, the days-to-cover ratio is presently 0.6 days.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $22.43 on Friday. Arch Capital Group has a fifty-two week low of $19.20 and a fifty-two week high of $24.50. The firm’s 50-day simple moving average is $23.51 and its 200 day simple moving average is $22.85.

Arch Capital Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, March 31st. Investors of record on Friday, March 15th were issued a dividend of $0.3406 per share. This represents a $1.36 annualized dividend 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.