Short Interest in Arch Capital Group Ltd. (NASDAQ:ACGLN) Declines By 39.4%

Arch Capital Group Ltd. (NASDAQ:ACGLNGet Free Report) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 75,134 shares, a drop of 39.4% from the June 30th total of 123,902 shares. Based on an average trading volume of 35,305 shares, the days-to-cover ratio is currently 2.1 days.

Arch Capital Group Stock Performance

Shares of ACGLN opened at $16.35 on Friday. Arch Capital Group has a 12-month low of $15.65 and a 12-month high of $18.34. The company has a 50-day moving average of $16.25 and a two-hundred day moving average of $16.88.

Arch Capital Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.2844 per share. This represents a $1.14 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Tuesday, September 15th.

Institutional Investors Weigh In On Arch Capital Group

A hedge fund recently raised its stake in Arch Capital Group stock. GAMMA Investing LLC grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGLNFree Report) by 12,890.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,897 shares of the company’s stock after buying an additional 3,867 shares during the period. GAMMA Investing LLC’s holdings in Arch Capital Group were worth $64,000 at the end of the most recent reporting period.

About Arch Capital Group

(Get Free Report)

Arch Capital Group Ltd is a Bermuda-based financial services company that provides insurance, reinsurance and mortgage insurance products through its subsidiaries. The company underwrites a broad array of property and casualty insurance, specialty insurance, and reinsurance business, designing customized solutions for clients across commercial, personal and specialty markets. Arch’s offerings include commercial casualty and property, directors and officers liability, professional liability, surety, and mortgage insurance products.

In its reinsurance segment, Arch writes treaty and facultative business lines, encompassing property catastrophe, casualty and specialty risks.

Further Reading

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