Arch Capital Group Ltd. (NASDAQ:ACGLN – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 46,944 shares, a decline of 61.3% from the August 15th total of 121,341 shares. Based on an average daily volume of 36,765 shares, the days-to-cover ratio is currently 1.3 days.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in Arch Capital Group stock. GAMMA Investing LLC lifted its position in shares of Arch Capital Group Ltd. (NASDAQ:ACGLN – Free Report) by 12,890.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,897 shares of the company’s stock after purchasing 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 quarter.
Arch Capital Group Trading Down 3.5%
Shares of NASDAQ ACGLN traded down $0.54 during trading hours on Tuesday, hitting $15.06. The company had a trading volume of 330,906 shares, compared to its average volume of 46,629. Arch Capital Group has a 1-year low of $14.88 and a 1-year high of $18.25. The firm’s 50 day moving average is $16.11 and its 200-day moving average is $16.53.
About Arch Capital Group
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.
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