Arch Capital Group Ltd. (NASDAQ:ACGLO) Short Interest Up 191.3% in June

Arch Capital Group Ltd. (NASDAQ:ACGLO) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 24,748 shares, an increase of 191.3% from the June 15th total of 8,496 shares. Based on an average daily trading volume, of 50,334 shares, the short-interest ratio is currently 0.5 days.

Arch Capital Group Stock Down 0.1%

Shares of ACGLO stock traded down $0.02 during midday trading on Monday, reaching $18.93. 4,642 shares of the company were exchanged, compared to its average volume of 26,669. The company’s 50 day moving average price is $19.55 and its two-hundred day moving average price is $20.20. Arch Capital Group has a 12 month low of $18.71 and a 12 month high of $22.20.

Arch Capital Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.3406 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.36 annualized dividend and a yield of 7.2%.

Arch Capital Group Company Profile

Arch Capital Group Ltd, through its operating subsidiaries, is a global provider of insurance, reinsurance, and mortgage insurance products. The company offers property and casualty insurance for commercial and personal lines, including solutions for professional liability, marine, and energy risks. In addition, Arch Capital is active in the mortgage insurance sector, providing primary mortgage guaranty and portfolio reinsurance for residential and commercial mortgages. It also participates in specialty programs, such as political violence, aviation, and cyber coverage.

Founded in 2001 and headquartered in Pembroke, Bermuda, Arch Capital Group has established a presence across North America, Europe, and the Asia-Pacific region.