Arch Capital Group Ltd. (NASDAQ:ACGLO) Short Interest Up 136.0% in May

Arch Capital Group Ltd. (NASDAQ:ACGLO) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 28,778 shares, a growth of 136.0% from the April 30th total of 12,196 shares. Based on an average daily trading volume, of 15,574 shares, the days-to-cover ratio is presently 1.8 days.

Arch Capital Group Stock Performance

Shares of ACGLO stock opened at $19.81 on Friday. The firm’s 50 day moving average is $20.09 and its 200 day moving average is $20.57. Arch Capital Group has a 12 month low of $19.41 and a 12 month high of $22.20.

Arch Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.3406 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Tuesday, September 15th.

About Arch Capital Group

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.