Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLO) Expands By 43.8%

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 2,300 shares, a growth of 43.8% from the May 31st total of 1,600 shares. Based on an average daily trading volume, of 15,100 shares, the short-interest ratio is presently 0.2 days.

Arch Capital Group Trading Down 0.6 %

Shares of ACGLO stock opened at $22.40 on Monday. Arch Capital Group has a 52-week low of $19.20 and a 52-week high of $24.50. The stock has a fifty day simple moving average of $22.54 and a two-hundred day simple moving average of $23.18.

Arch Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, June 30th. Stockholders of record on Saturday, June 15th were given a dividend of $0.3406 per share. This is a positive change from Arch Capital Group’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, June 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.08%.

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.